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State Street, Galaxy Digital launch tokenized liquidity fund on Solana
May 5, 2026
< 1 min read
by Ibiam Wayas
for CryptoPolitan
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AI Overview
State Street Investment Management and Galaxy Digital on May 5 launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized liquidity fund built initially on Solana to let institutional clients move idle cash on‑chain and earn real‑time yield; plans announced to expand to other rails. The product signals material institutional adoption of crypto and DeFi, likely to boost on‑chain liquidity, stablecoin and DEX/CEX settlement flows and demand for tokenized cash management; uptake will depend on custody, compliance and security/regulatory risk management.
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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...
