State Street and Galaxy to launch tokenized liquidity fund on Solana in 2026
Jinse Finance reported that State Street and Galaxy Asset Management have announced plans to launch the tokenized liquidity fund SWEEP on Solana in early 2026, providing qualified institutions with 24/7 on-chain liquidity management. The fund will use PayPal stablecoin PYUSD as the subscription and redemption tool, and Ondo Finance has committed approximately $200 million as initial capital. After its launch, SWEEP will expand to Stellar and Ethereum, utilizing Chainlink technology for cross-chain data and asset processing.
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