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State Street, Galaxy Launch SWEEP Tokenized Fund on Solana
State Street and Galaxy launched SWEEP on Solana, a tokenized fund that lets qualified purchasers move stablecoins into a yield-bearing vehicle for 24/7 onchain cash management. The fund uses Galaxy’s tokenization infrastructure, Anchorage as digital custodian, and Chainlink for onchain NAV and cross-chain messaging. Tuesday’s announcement said SWEEP supports subscriptions and redemptions with PayPal USD and plans to expand to Stellar and Ethereum.