The private liquidity fund accepts PYUSD and USDC subscriptions from eligible Qualified Purchasers and targets 24/7 onchain cash management.
- State Street and Galaxy have launched a tokenized liquidity fund on Solana, targeting institutional investors for cash management and U.S. Treasury exposure.
- The fund, SWEEP, accepts subscriptions in PYUSD, USDC, and USD, offering 24/7 onchain redemptions for PYUSD and daily for USD.
- Key infrastructure providers include Galaxy for tokenization, Anchorage for custody, and Chainlink for NAV publication, with future integrations planned for Stellar and Ethereum.
Topics: Asset types, Infrastructure providers, Institutional adoption, Financial instruments, Tokenization platforms, Major financial incumbents, Custody security solutions, Asset manager initiatives, Banking depository pilots
Tags: #statestreet #galaxy #solana #tokenizedfund #ustreasuries #pyusd #usdc #cashmanagement #institutionalinvestors #onchainliquidity
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