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State Street and Galaxy to Launch Onchain Liquidity Fund SWEEP with $200M Seed Investment from Ondo

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State Street and Galaxy are launching the SWEEP fund, a private onchain liquidity vehicle with PYUSD redemptions. Ondo Finance is backing the fund with $200M in seed capital. The token launch news marks a major step in institutional onchain investing. The fund will debut on Solana in early 2026, with plans to expand to Stellar and Ethereum. State Street will act as custodian, while Galaxy provides tokenization and onchain infrastructure. Ethereum news is gaining traction as more traditional players enter the space. Chainlink supports cross-chain interoperability for the fund.
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