From T+2 to 24/7: Inside the SWEEP Fund
summary
State Street issues a new tokenized liquidity fund called Sweep with Galaxy as placement and tokenization agent and Solana as the settlement layer. The fund uses non-rebasing NAV so token balances stay fixed while value moves, accepts stablecoins natively for 24/7 stablecoin subscriptions and redemptions (including weekends), and exposes whitelisted smart-contract access so on-chain contracts and treasuries can use fund units as collateral. Target users are institutional stablecoin holders, treasuries, hedge funds and ecosystem teams; Galaxy plans to use it internally.
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chapters (9)
- 0:00SWEEP fund partnership
- 1:47SWEEP tokenized liquidity fund
- 3:51State Street and Galaxy partnership
- 7:15Solana for institutional adoption
- 9:21Minting and redeeming for users
- 11:04Target customers and demand
- 13:09SWEEP’s market differentiators
- 15:55Future of cash management
- 17:18TradFi adoption on-chain
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