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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

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…

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