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State Street and Galaxy will launch a tokenized liquidity fund on Solana in 2026
Golden Finance reports that State Street and Galaxy Asset Management announced the launch of 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’s stablecoin PYUSD as the subscription and redemption tool, with Ondo Finance committing approximately $200 million as initial capital. After its launch on SWEEP, the platform will expand to Stellar and Ethereum, utilizing Chainlink technology for cross-chain data and asset processing.