State Street and Galaxy launch SWEEP — a tokenized cash-management fund running 24/7 on Solana first, then ETH.

State Street Investment Management and Galaxy Asset Management have launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized vehicle that lets qualified institutional investors park stablecoins in a yield-generating structure with round-the-clock access. Unlike traditional money market funds bound by market hours, SWEEP runs continuously on blockchain infrastructure — starting on Solana, with Ethereum and Stellar expansions planned.

Galaxy provides the underlying tokenization layer, Anchorage handles digital-asset custody, and State Street oversees the traditional securities in the portfolio. The division of roles mirrors how Wall Street is quietly assembling blockchain-native market plumbing without abandoning familiar compliance frameworks.

SWEEP enters a fast-growing field alongside BlackRock's BUIDL and Franklin Templeton's tokenized offerings, each…