PANews reported on December 11th that, according to CoinDesk, State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026. This fund will use stablecoins to enable 24/7 investor liquidity, thereby expanding the application of public blockchains in institutional cash management. The fund, named "State Street Galaxy Onchain Liquidity Sweep Fund" (SWEEP), will accept subscriptions and redemptions in PayPal's stablecoin PYUSD, provided the fund has available assets to process related requests. Only qualified buyers meeting predetermined thresholds will be able to invest in the fund. Ondo Finance has committed approximately $200 million as seed funding for the product. The two companies expect the SWEEP fund to launch on the Solana blockchain initially, followed by Stellar and Ethereum blockchains. Galaxy Asset Management plans to leverage Chainlink's tools to enable cross-chain data and asset transfers.PANews reported on December 11th that, according to CoinDesk, State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026. This fund will use stablecoins to enable 24/7 investor liquidity, thereby expanding the application of public blockchains in institutional cash management. The fund, named "State Street Galaxy Onchain Liquidity Sweep Fund" (SWEEP), will accept subscriptions and redemptions in PayPal's stablecoin PYUSD, provided the fund has available assets to process related requests. Only qualified buyers meeting predetermined thresholds will be able to invest in the fund. Ondo Finance has committed approximately $200 million as seed funding for the product. The two companies expect the SWEEP fund to launch on the Solana blockchain initially, followed by Stellar and Ethereum blockchains. Galaxy Asset Management plans to leverage Chainlink's tools to enable cross-chain data and asset transfers.

State Street Bank and Galaxy will launch a tokenized liquidity fund on the Solana blockchain next year.

2025/12/11 08:00

PANews reported on December 11th that, according to CoinDesk, State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026. This fund will use stablecoins to enable 24/7 investor liquidity, thereby expanding the application of public blockchains in institutional cash management. The fund, named "State Street Galaxy Onchain Liquidity Sweep Fund" (SWEEP), will accept subscriptions and redemptions in PayPal's stablecoin PYUSD, provided the fund has available assets to process related requests. Only qualified buyers meeting predetermined thresholds will be able to invest in the fund. Ondo Finance has committed approximately $200 million as seed funding for the product. The two companies expect the SWEEP fund to launch on the Solana blockchain initially, followed by Stellar and Ethereum blockchains. Galaxy Asset Management plans to leverage Chainlink's tools to enable cross-chain data and asset transfers.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Vitalik Buterin Suggests Ethereum Security Intact Amid Recent Glitch

Vitalik Buterin Suggests Ethereum Security Intact Amid Recent Glitch

The post Vitalik Buterin Suggests Ethereum Security Intact Amid Recent Glitch appeared on BitcoinEthereumNews.com. Ethereum remains secure despite a recent network glitch caused by a Prysm client bug that temporarily halted block finalization. Vitalik Buterin emphasized that this does not undermine the network’s core security, as blocks continue to be produced and executed, behaving like Bitcoin’s probabilistic model during such pauses. Vitalik Buterin assures that temporary loss of finality does not compromise Ethereum’s overall security model. The glitch primarily impacted secondary systems like bridges and Layer 2 solutions, not the base chain. Experts compare Ethereum’s response to Bitcoin’s, where probabilistic finality prevents chain rewrites while allowing continued operations. Ethereum secure despite recent glitch: Vitalik Buterin explains why the network’s resilience shines through temporary finality pauses. Discover key insights on blockchain reliability. Stay informed on crypto updates—read more now. What Did Vitalik Buterin Say About Ethereum’s Security After the Recent Glitch? Ethereum remains secure even amid the recent network disruption, according to Vitalik Buterin, Ethereum’s co-founder. He clarified that the Prysm client bug, which briefly interrupted block finalization, does not pose a threat to the protocol’s integrity. Instead, it highlights the network’s design for graceful degradation, where core functions persist without deterministic certainty. How Does Ethereum Behave During Finality Pauses? During the incident, Ethereum temporarily shifted to a probabilistic security model similar to Bitcoin’s, as noted by blockchain researchers. Fabrizio Romano Genovese, an Oxford PhD and Ethereum protocol specialist, explained that many blockchains, including Bitcoin, rely on growing difficulty in rewriting history rather than instant finality. In Ethereum’s case, blocks kept being created and executed, preventing any chain halt, though secondary services like cross-chain bridges experienced delays. This behavior underscores the network’s robustness, with no risk of approving incorrect transaction histories. Genovese added that such events reveal the need for better fallback mechanisms in dependent infrastructure, ensuring smoother operations in future occurrences. Statistics from the…
Share
BitcoinEthereumNews2025/12/11 16:40