State Street, Galaxy to launch tokenized liquidity fund on Solana in 2026

U.S.-based bank State Street and Galaxy Asset Management are collaborating to launch a tokenized liquidity fund called SWEEP in 2026, CoinDesk reported. The fund plans to accept PayPal's stablecoin, PYUSD, for investments and redemptions. The launch is tentatively planned for the Solana (SOL) network. Additionally, Ondo Finance (ONDO) has invested $200 million as initial capital for the fund.