State Street and Galaxy Asset Management have announced that they will launch a tokenized liquidity fund, SWEEP, on Solana in early 2026 to provide qualified institutions with 24/7 on-chain liquidity management.
The fund will use the PayPal stablecoin PYUSD as the subscription and redemption tool, and Ondo Finance has committed about $200 million as the initial capital. After the launch of SWEEP, it will be expanded to Stellar and Ethereum, and use Chainlink technology to implement cross-chain data and asset processing.
State Street and Galaxy to Launch Tokenized Liquidity Fund in Solana in 2026
2025-12-10 22:55:30
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