State Street and Galaxy Launch $200 Million Onchain Liquidity Fund
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 day ago0mins
- Liquidity Innovation: The launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) by State Street and Galaxy will utilize PYUSD stablecoins to enable 24/7 onchain liquidity, providing a new cash management solution for qualified investors and promoting the integration of traditional finance with blockchain.
- Funding Scale: Ondo Finance is expected to seed the fund with approximately $200 million, which not only establishes a solid financial foundation for SWEEP but also enhances its competitive position in the digital asset market.
- Blockchain Integration: SWEEP is anticipated to debut on the Solana blockchain in early 2026, with plans for future expansions to Stellar and Ethereum, demonstrating its flexibility and adaptability in a multi-chain environment, further driving the adoption of digital assets.
- Strategic Partnership: This collaboration not only deepens the relationship between State Street and Galaxy but also signifies their joint innovation in cash management and digital assets, which is expected to have a far-reaching impact on the future of asset management and capital markets.
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Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLXY is 45.19 USD with a low forecast of 34.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 29.520
Low
34.00
Averages
45.19
High
58.00
Current: 29.520
Low
34.00
Averages
45.19
High
58.00
Citizens JMP
Outperform
initiated
$60
2025-12-09
New
Reason
Citizens JMP
Price Target
$60
2025-12-09
New
initiated
Outperform
Reason
Citizens JMP initiated coverage of Galaxy Digital with an Outperform rating and $60 price target, representing 130% potential upside from the current share price. Galaxy offers "dual exposure" to the two "secular megatrends" of digital asset institutionalization and artificial intelligence-driven infrastructure, the analyst tells investors in a research note. The firm believes this creates a "powerful multi-engine growth model." Citizens thinks Galaxy is positioned to capture "outsized share of two of the most transformative markets of the next decade."
Goldman Sachs
James Yaro
Neutral
downgrade
$34 -> $30
2025-11-21
Reason
Goldman Sachs
James Yaro
Price Target
$34 -> $30
2025-11-21
downgrade
Neutral
Reason
Goldman Sachs analyst James Yaro lowered the firm's price target on Galaxy Digital to $30 from $34 and keeps a Neutral rating on the shares. Brokers and crypto stocks have dropped about 15% since mid-October despite higher forward estimates, as valuation multiples compressed sharply amid volatile equity and crypto markets, the analyst tells investors in a research note. While near-term pressure is likely to persist until markets stabilize, the group's long-term outlook remains supported by strong product innovation, large addressable markets, regulatory momentum, and continued inorganic growth, Goldman says.
Goldman Sachs
Neutral
downgrade
$39 -> $34
2025-11-17
Reason
Goldman Sachs
Price Target
$39 -> $34
2025-11-17
downgrade
Neutral
Reason
Goldman Sachs lowered the firm's price target on Galaxy Digital to $34 from $39 and keeps a Neutral rating on the shares.
Morgan Stanley
Overweight
initiated
$42
2025-11-06
Reason
Morgan Stanley
Price Target
$42
2025-11-06
initiated
Overweight
Reason
Morgan Stanley initiated coverage of Galaxy Digital with an Overweight rating and $42 price target. The firm views Galaxy Digital as nascent artificial intelligence data center developer with a "clear path" to monetizing one of the largest single-campus high performance computer data centers under development. In addition, the company has a blockchain-enabled investment bank, the analyst tells investors in a research note. Morgan Stanley views these two as a "compelling combination."
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About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. Its Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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