State Street and Galaxy Asset Launch Onchain Liquidity Fund
State Street Investment Management (STT) and Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (GLXY), announced the launch of the State Street Galaxy Onchain Liquidity Sweep Fund, a tokenized private liquidity fund. "State Street has played a leading role in market innovation for decades, from servicing mutual funds to launching ETFs, and we're proud to continue that role as digital assets reshape market infrastructure," said Yie-Hsin Hung, president and chief executive officer of State Street Investment Management. "This fund allows us to bring the TradFi landscape onchain in a resilient way, guided by our long-standing focus on innovation, risk management and client outcomes."
