- December 11, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
State Street Investment Management and Galaxy Asset Management are launching a tokenized private liquidity fund on Solana, with Ondo expected to invest $200 million.
State Street Investment Management and Galaxy Asset Management are joining forces with Ondo Finance on a tokenized liquidity fund that pushes cash “sweep” balances directly onto public blockchains, opening up a source of potential 24/7 onchain liquidity.
The planned State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, is designed to take in and pay out PayPal’s (PYUSD) stablecoin for accredited investors, the companies said Tuesday.
Ondo is expected to seed the fund with $200 million, tying a major tokenized real-world asset (RWA) issuer directly into State Street’s tokenization stack. The fund will be powered by Galaxy Digital infrastructure, and State Street Bank and Trust Company, an affiliate of State Street Investment Management, will act as custodian.
