State Street Bank and Galaxy Asset Management announced the launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) in early 2026, initially deployed on Solana, supporting 7×24 redemption and subscription with PYUSD, targeted at qualified buyers. Ondo Finance has committed approximately $200 million as seed funding. Future plans include expansion to Stellar and Ethereum, utilizing Chainlink tools for cross-chain data and asset transfer. (CoinDesk)
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State Street Bank and Galaxy Asset Management announced the launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) in early 2026, initially deployed on Solana, supporting 7×24 redemption and subscription with PYUSD, targeted at qualified buyers. Ondo Finance has committed approximately $200 million as seed funding. Future plans include expansion to Stellar and Ethereum, utilizing Chainlink tools for cross-chain data and asset transfer. (CoinDesk)