# State Street and Galaxy have rolled out SWEEP, a “tokenized private liquidity fund’ SWEEP is designed to migrate traditional cash and liquidity management products onto public blockchains.

*fintech · news · 2026-05-05 · Crypto News*

## Key points

- State Street and Galaxy launched SWEEP, a tokenized private liquidity fund on Solana using PayPal USD.
- SWEEP enables 24/7 cash management, allowing instant fund subscriptions and redemptions via stablecoins.
- SWEEP debuts with a $200 million anchor investment from Ondo Finance, integrating OUSG tokenized Treasury reserves.
- State Street and Anchorage Digital together provide full custody for both traditional securities and tokenized shares.
- SWEEP will expand beyond Solana to Ethereum and Stellar, targeting institutions' preferred blockchains for liquidity.

**Companies:** PayPal, BlackRock, State Street, Galaxy, Ondo Finance, Anchorage Digital
**Countries:** United States

[Read the full story on Crypto News](https://crypto.news/galaxy-and-state-street-launch-solana-based-sweep-tokenized-cash-fund/)

---

Canonical: https://newsio.io/n/d702f940-5699-488e-88e3-7e9fe8b7fc7a/state-street-and-galaxy-have-rolled-out-sweep-a-tokenized-private-liquidity-fund
Summarized by Newsio from Crypto News. https://newsio.io/how-it-works