State Street and Galaxy to Launch Tokenized Cash Sweep Fund

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 14 2025

Launch of SWEEP Fund: State Street Investment Management and Galaxy Asset Management are set to launch the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund utilizing PYUSD stablecoin for transactions, aimed at 24/7 onchain cash management.
Initial Funding and Availability: The fund will be available to Qualified Purchasers with a minimum investment, and Ondo Finance is expected to contribute approximately $200 million to seed the fund.
Blockchain Integration: SWEEP will debut on the Solana blockchain in early 2026, with plans for future integrations on Stellar and Ethereum, leveraging State Street’s liquidity expertise and Galaxy’s digital infrastructure.
Custodianship and Market Watch: State Street Bank and Trust Company will serve as custodian for the fund’s assets, while Galaxy will manage tokenization; market participants will monitor the adoption of the onchain sweep functionality and the fund's growth potential.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

State Street and Galaxy to Launch Tokenized Cash Sweep Fund

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Almirall's Seysara® Approved in China for Acne Treatment

Cheniere Energy Partners Declares Quarterly Dividend

People Also Watch