As reported by Coinomedia, State Street and Galaxy Digital have announced the launch of a tokenized liquidity fund called SWEEP, offering 24/7 onchain liquidity via PayPal’s stablecoin PYUSD. The fund is set to debut on the Solana blockchain in early 2026, leveraging Solana’s high throughput and low fees. SWEEP aims to provide real-time settlement and lower operational costs by using tokenized assets and PYUSD, a fully backed U.S. dollar stablecoin. The fund is designed to be blockchain-agnostic, with potential future expansions to Ethereum or other chains.
State Street & Galaxy Launch Tokenized Liquidity Fund SWEEP on Solana in 2026
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Summary
**State Street & Galaxy Launch Tokenized Liquidity Fund SWEEP on Solana in 2026**
State Street and Galaxy Digital are set to launch a tokenized liquidity fund named SWEEP on Solana in early 2026. The fund will offer 24/7 on-chain liquidity via PayPal’s stablecoin PYUSD. Built on Solana, SWEEP benefits from fast transactions and low fees. It uses tokenized assets and PYUSD for real-time settlement and reduced costs. The fund is blockchain-agnostic, with possible future support for Ethereum or other chains. This token launch news highlights a major step in institutional on-chain adoption.
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