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Last updated May 16, 2026 (about 4 months ago).

capital · 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 in May 2026. The product enables institutions to earn yield on stablecoin holdings 24/7 through on-chain infrastructure. Galaxy Digital and State Street Investment Management developed the fund as the first Solana-native tokenized liquidity solution. Institutions hold hundreds of billions in stablecoins earning zero yield prior to the launch.

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