State Street & Galaxy Launch Tokenized Liquidity Fund
Update: 2025-12-11
Description
State Street and Galaxy Asset Management unveil plans for a tokenized liquidity fund, set to launch in early 2026, utilizing stablecoins for 24/7 investor transactions. The fund, named SWEEP, will initially operate on Solana, with later support for Stellar and Ethereum. Galaxy will employ Chainlink tools for seamless data and asset transfers across networks. This fund aims to provide institutions with blockchain-based cash-like assets, maintaining liquidity expectations from traditional sweep products. The project signifies a shift in bank-crypto firm dynamics, fostering a more integrated financial ecosystem.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
