State Street Investment Management and Galaxy Asset Management joined with Ondo Finance to launch a tokenized liquidity fund utilizing PayPal’s PYUSD stablecoin, backed by an investment of 200 million USD from Ondo.
The SWEEP fund is expected to begin operations on the Solana blockchain by early 2026, with future expansions planned to include Stellar and Ethereum, leveraging Chainlink’s CCIP for interoperability.
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