State Street, Galaxy Launch SWEEP Fund to Bring 24/7 Onchain Liquidity
State Street Investment Management and Galaxy Asset Management are joining forces to push traditional finance into the blockchain era. The duo announced the upcoming State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund designed to offer qualified investors 24/7 onchain liquidity via PYUSD stablecoins. Ondo Finance is expected to seed the fund with roughly $200 million.
