State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that will use stablecoins to enable round-the-clock investor flows, expanding the use of public blockchains in institutional cash management.
The fund, called the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), will accept subscriptions and redemptions of PYUSD, a stablecoin issued in PayPal, as long as the fund has available asset processing requests. Only qualified purchasers who meet established thresholds can invest in the fund. Ondo Finance has committed about $200 million as seed funding for the product. The two companies expect the SWEEP fund to be issued on the Solana blockchain at launch, followed by the addition of Stellar and Ethereum blockchains. Galaxy Asset Management plans to enable cross-chain data and asset transfer with Chainlink's tools.
State Street and Galaxy will launch a tokenized liquidity fund on the Solana chain next year
2025-12-11 00:04:59
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
道富银行和Galaxy将于明年在Solana链上推出代币化流动性基金Next article：
Sygnum 报告：亚洲 87% 的亚洲高净值人群已持有加密货币
