State Street and Galaxy Launch SWEEP Tokenized Liquidity Fund on Stellar

State Street Investment Management and Galaxy have launched SWEEP, a tokenized private liquidity fund on the Stellar network designed for onchain cash management. The fund allows qualified investors to perform 24/7 subscriptions and redemptions using stablecoins like PYUSD and eventually USDC. The platform utilizes smart contracts for programmable asset management, with Anchorage providing custody, Chainlink supporting pricing data, and State Street Bank and Trust Company holding the securities. This initiative aims to bridge traditional finance and the crypto ecosystem by enabling cash management outside standard banking hours.