State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain

State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain

The fund lets institutions earn yield on stablecoins while moving cash onchain with round-the-clock access.

State Street And Galaxy Launch SWEEP Tokenized Fund $0.55

State Street and Galaxy have launched the SWEEP tokenized fund on Stellar, enabling institutional stablecoin deposits, real-time settlement, and continuous liquidity, reflecting growing adoption of on-chain treasury products. Meanwhile, the Stellar (XLM) market is forming a descending triangle pattern, with price consolidating between support and resistance levels, and is awaiting a breakout or breakdown to […]

Stellar to Power State Street and Galaxy’s Yield-Bearing Onchain Fund News ETHNews

The State Street Galaxy Onchain Liquidity Sweep Fund plans an expansion to the Stellar and Ethereum networks. The fund will enable around-the-clock onchain cash management for large players. The Stellar network has confirmed that the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) will be launched on its network. Created by State Street Investment Management and Galaxy Asset Management, SWEEP is a tokenized cash management fund. Running…

State Street, Galaxy Digital Bring Cash Management Onchain

State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) launches State Street Investment Management and Galaxy Asset Management, an affiliate of Galaxy Digital Inc., announced the launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund designed to enable 24/7 onchain cash management via stablecoin, subject to availability of stablecoin in the fund’s portfolio. The launch represents a milestone …

State Street, Galaxy Digital launch tokenized liquidity fund on Solana

State Street Investment Management and Galaxy Digital have launched a tokenized liquidity fund aimed at giving institutional investors a way to move idle cash on-chain and earn yield in real time. The State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), announced May 5, is built initially on the Solana blockchain, with plans to expand to Ethereum and Stellar. The fund allows subscriptions and redemptions using PayPal USD (PYUSD), according …

State Street and Galaxy Launch Tokenized Cash Management Fund on Solana

A $5 trillion asset manager just put a private liquidity fund on public-chain rails with 24/7 stablecoin sweeps, Chainlink NAV feeds, and Anchorage custody.