The SWEEP fund will debut on the Solana blockchain in early 2026, with plans to expand to Stellar and Ethereum, targeting private onchain liquidity solutions.
State Street Investment Management and Galaxy Asset Management have jointly announced the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), designed to leverage the PYUSD stablecoin for private onchain liquidity management. Ondo Finance is planning $200 million in seed funding for the fund. The SWEEP fund will initially launch on the Solana blockchain in early 2026 and later expand to Stellar and Ethereum platforms.