product · May 16, 2026
State Street and Galaxy Launch $SWEEP Tokenized Money Market Fund on Solana
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State Street and Galaxy launched the $SWEEP tokenized money market fund on Solana on May 5, 2026. The product allows institutions to earn yield on stablecoin holdings 24/7 through on-chain deployment. Galaxy provided the tokenization infrastructure while State Street contributed asset management expertise. The fund targets hundreds of billions in idle stablecoin floats held by institutions. State Street and Galaxy announced the partnership at Solana Accelerate on May 15, 2026.
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