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via CoinDesk · By CoinDesk Staff
State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain
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CoinDesk Staff(01:07 PM UTC)
1 min read
The fund lets institutions earn yield on stablecoins while moving cash onchain with round-the-clock access.
State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said Tuesday.
The State Street Galaxy Onchain Liquidity Sweep Fund, trading under the ticker…
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