State Street and Galaxy launch tokenized SWEEP liquidity fund on Stellar

Galaxy: Galaxy is a financial services and investment firm specializing in digital assets and blockchain-related offerings. It collaborated with State Street on the launch of the tokenized SWEEP liquidity fund. The effort focuses on delivering onchain cash management solutions through the Stellar network. Stellar: Stellar is a blockchain network built for payments, asset tokenization, and cross-border transfers. It hosts the newly launched tokenized SWEEP liquidity fund. The platform enables 24/7 onchain operations for the cash management product. State Street: State Street is a global financial services firm providing asset custody, investment management, and related services to institutional clients. It partnered with Galaxy to launch the tokenized SWEEP liquidity fund on Stellar. The initiative brings traditional cash management capabilities to a blockchain environment for eligible investors. SWEEP liquidity fund: The SWEEP liquidity fund is a tokenized product designed for liquidity and cash management purposes. It was launched by State Street and Galaxy on the Stellar blockchain. The fund provides eligible investors with onchain access and continuous availability. Tokenization: Major financial institutions are partnering to bring traditional liquidity products onto blockchain networks. Onchain Access: The Stellar network supports continuous settlement and management of tokenized cash products for eligible investors.