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State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026

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State Street and Galaxy Asset Management announced token launch news: a new tokenized liquidity fund called SWEEP will launch on Solana in early 2026. The fund will provide 24/7 on-chain liquidity management for qualified institutions, using PayPal’s stablecoin PYUSD for subscriptions and redemptions. Ondo Finance has committed $200 million in initial capital. SWEEP will later expand to Stellar and Ethereum, leveraging Chainlink for cross-chain data and asset processing.
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