State Street, one of the world’s largest asset managers, has teamed up with crypto firm Galaxy Digital to launch a Tokenized Private Liquidity Fund, dubbed SWEEP. This fund aims to bring traditional finance deeper into the blockchain world by offering 24/7 onchain liquidity powered by PayPal’s stablecoin PYUSD.
By merging State Street’s institutional credibility with Galaxy Digital’s crypto expertise, this new offering represents a bold step toward mainstream adoption of blockchain-based financial infrastructure.
How SWEEP Works with PYUSD
The SWEEP fund will be built using tokenized assets, allowing investors to access private credit and liquidity options without traditional intermediaries. By using PYUSD, a fully backed and regulated U.S. dollar stablecoin, the fund ensures real-time settlement and lower operational costs.
Unlike traditional liquidity funds that operate only during business hours, SWEEP enables around-the-clock liquidity, making it especially useful for global investors and institutions that require flexibility and speed.
LATEST: State Street and Galaxy Digital partner to launch the tokenized private liquidity fund (SWEEP), offering 24/7 onchain liquidity using PYUSD.
— Cointelegraph (@Cointelegraph) December 11, 2025
The fund is expected to roll out first on Solana in early 2026. pic.twitter.com/hUEGUrq19v
Solana Chosen as First Chain for Launch
The fund is expected to launch first on the Solana blockchain in early 2026. Solana was chosen for its high throughput and low fees, making it a strong fit for institutional-scale tokenized assets. However, the infrastructure is designed to be blockchain-agnostic, so future expansions to Ethereum or other chains are likely.
This move reflects growing confidence in Solana’s capabilities, especially from institutions previously hesitant to engage with newer chains. As regulatory clarity and demand for real-world asset tokenization grow, projects like SWEEP could set the standard for the next era of digital finance.