State Street Investment Management (STT) and Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (GLXY), “announced the forthcoming launch of the State Street Galaxy Onchain Liquidity Sweep Fund, a tokenized private liquidity fund that will unlock the potential for 24/7 onchain liquidity by utilizing PYUSD stablecoins for subscriptions and redemptions, subject to availability from the fund’s portfolio. SWEEP will be available to Qualified Purchasers that meet certain eligibility criteria and minimum investment amounts. Ondo Finance is anticipated to seed the fund with approximately $200 million.”
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