State Street and Galaxy to Launch $200M Tokenized Liquidity Fund on Solana in 2026

The SWEEP fund will use PayPal USD (PYUSD) for onchain transactions, marking a major traditional finance entry into blockchain-based investments.

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Summary

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Terms & Concepts
  • Tokenized Liquidity Fund: An investment fund where assets are represented as blockchain-based tokens, enabling faster and more transparent transactions.
  • Solana: A high-performance blockchain platform known for fast transaction speeds and low costs.
  • PayPal USD (PYUSD): A U.S. dollar-pegged stablecoin issued by PayPal, designed for digital payments and blockchain-based transactions.