{"id":96842,"date":"2026-05-06T10:30:38","date_gmt":"2026-05-06T07:30:38","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96842"},"modified":"2026-05-06T10:35:10","modified_gmt":"2026-05-06T07:35:10","slug":"state-street-and-galaxy-launch-tokenized-fund-on-solana","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/state-street-and-galaxy-launch-tokenized-fund-on-solana\/","title":{"rendered":"State Street and Galaxy Launch Tokenized Fund on Solana"},"content":{"rendered":"

Financial giant State Street and Galaxy have launched<\/a> the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) \u2014 a tool for 24\/7 liquidity management using stablecoins<\/a>. <\/p>\n

The total market value of stablecoins has exceeded $300 billion, with a 0.22% increase over the past 30 days.<\/p>\n

\"Screenshot
Source: RWA.xyz<\/a>.<\/figcaption><\/figure>\n

The fund operates on Solana<\/a>; plans include support for Stellar<\/a> and Ethereum. Galaxy provided the technological foundation for tokenization<\/a>.<\/p>\n

Investors can use the stablecoin PYUSD<\/a> for subscribing to and redeeming fund shares. The tool is available to qualified investors. According to RWA.xyz, PayPal’s stablecoin capitalization stands at $2.7 billion.<\/p>\n

\"Screenshot
Source: RWA.xyz<\/a>.<\/figcaption><\/figure>\n

The project’s infrastructure includes solutions from Chainlink<\/a> for publishing net asset values and cross-chain<\/a> interactions. State Street Bank acts as the custodian of securities, while Anchorage handles the custody of digital assets.<\/p>\n

State Street representatives described the launch as a significant step in the company’s strategy to implement blockchain solutions for institutional clients. <\/p>\n

Galaxy’s CEO, Mike Novogratz, added that SWEEP is a practical example of the convergence of traditional finance and cryptocurrency.<\/p>\n

Back in September 2025, Galaxy tokenized<\/a> its own GLXY shares on Solana, partnering with Superstate for the initiative. <\/p>\n

In December, JPMorgan issued<\/a> tokenized commercial papers worth $50 million on the “people’s cryptocurrency” network for Novogratz’s company.<\/p>\n","protected":false},"excerpt":{"rendered":"

State Street and Galaxy have launched the SWEEP fund \u2014 a tool for 24\/7 liquidity management using stablecoins.<\/p>\n","protected":false},"author":1,"featured_media":96843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"State Street and Galaxy launch SWEEP fund for 24\/7 liquidity management with stablecoins.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[770,1390,1308,807,1609],"class_list":["post-96842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-galaxy-digital","tag-partnership","tag-rwa","tag-stablecoins","tag-state-street"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"State Street and Galaxy launch SWEEP fund for 24\/7 liquidity management with stablecoins.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96842"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96842\/revisions"}],"predecessor-version":[{"id":96844,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96842\/revisions\/96844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96843"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}