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State Street Investment Management and Galaxy Digital are launching the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) on Solana in early 2026, targeting institutional cash management needs. The private tokenized fund will let Qualified Purchasers move money in and out using PYUSD, PayPal’s regulated stablecoin issued by Paxos, enabling near 24/7 liquidity instead of traditional market hours. Ondo Finance will seed the strategy with around $200 million, signaling growing demand for tokenized money market-style products.
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