
PANews|5月 05, 2026 13:20
[Galaxy and State Street Bank Launch Tokenized Cash Management Fund SWEEP on Solana Chain]
According to CoinDesk, Galaxy Digital and State Street Bank have jointly launched a tokenized fund called 'State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP),' migrating cash management and yield products to blockchain networks to enable 24/7 on-chain liquidity management. This product allows institutional investors to allocate stablecoins into the fund, earning yields while maintaining the ability for instant redemption, breaking the trading hour limitations of traditional money market funds. The fund is initially built on Solana and plans to expand to Ethereum and Stellar.
Timeline