State Street and Galaxy Digital Launch On-Chain Liquidity Fund for Institutions

State Street and Galaxy Digital launched the State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, an onchain liquidity fund for qualified institutional investors focused on 24/7 cash management using stablecoins and yield-bearing tokenized assets. The fund will debut on Solana and is planned to expand to Stellar and Ethereum. The new report adds that SWEEP integrates infrastructure including Chainlink, extending earlier descriptions of the product as a tokenized private liquidity fund designed to support subscriptions, redemptions, and continuous liquidity on blockchain rails.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.