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via The Block · By The Block Editorial

State Street and Galaxy launch fund on Solana designed to 'sweep' stablecoins into productive vehicle

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The Block Editorial

(05:27 PM UTC)

1 min read

Approved byJames Mitchell

1308 views

0 comments

State Street and Galaxy have teamed up to launch the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized investment vehicle that lets investors “sweep” stablecoins into a yield-bearing asset for 24/7 onchain cash management.

The tokenized fund will launch on Solana, with plans to expand to Stellar and Ethereum. SWEEP uses Galaxy’s tokenization infrastructure, Anchorage as…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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