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Deployments · platform by Galaxy Digital

State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)Updated 28 Oct 2026

A tokenised liquidity fund from State Street Investment Management and Galaxy, built to let qualified purchasers sweep idle stablecoins into a yielding cash vehicle. It launched on Solana with Anchorage as digital custodian, Chainlink for on-chain NAV and PayPal USD for subscriptions and redemptions, with Ethereum and Stellar planned. Ondo's OUSG was reported as the lead anchor investor, and in October 2026 OUSG held about $152 million of the fund's $164 million on chain.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 5 May 2026[3] — Qualified purchasers only (minimum $5m for entities, $1m for individuals); about $164 million on chain with five holders in October 2026, most of it held by Ondo's OUSG. · Reviewed 13d ago

Assets
Fund interest[3]
Tokenised liquidity fund shares
Networks
Solana Public, permissionless[3]
Use cases
Primary issuance[2]Fund subscription and redemption[3][5]
Jurisdictions
United States
Standards
CCIP[4]

Participants

Likely relevant regulation

Assets

Data feeds

  • Fund NAVChainlink LabsNAVLink (DataLink)[1][4]SWEEP NAV per share delivered as a DataLink stream (no fixed chain), data from the fund administrator.

Moves across networks

  • viaChainlink CCIP[4]Chainlink says Galaxy is integrating CCIP for the fund; no chains named and no cross-chain transfer evidenced.

Metrics

  • $158.51mAssets under management · as of 11 Oct 2026 · on Solanacontext[2]
    On-chain via rwa.xyz; Solana is the only chain. Shown as context, not counted: most SWEEP (about $152m of $164m) is held by Ondo's OUSG, which is counted, so counting SWEEP too would count those dollars twice (editor decision 2026-10-21-classification-14; review regularly as OUSG's holdings change).
  • 5 holdersToken holders · as of 11 Oct 2026[2]
    On-chain via rwa.xyz.
  • $163.63mAssets under management · as of 18 Oct 2026 · on Solanacontext[6]
    On-chain via rwa.xyz; NAV about $1.0145 a share; still Solana only, five holders. Shown as context, not counted: most SWEEP (about $152m of $164m) is held by Ondo's OUSG, which is counted, so counting SWEEP too would count those dollars twice (editor decision 2026-10-21-classification-14; review regularly as OUSG's holdings change).

Timeline

  1. Happened 5 May 2026 · Launch · recorded 11 Oct 2026
    SWEEP launches on Solana for qualified purchasers.[3]
  2. Happened Dec 2025 (month only) · Announcement · recorded 11 Oct 2026
    State Street, Galaxy and Ondo announce plans for a tokenised liquidity fund on Solana in early 2026.[3]

Sources

  1. [1]Chainlink data feeds directory: Arbitrum list, including Data Streams and DataLink feeds (machine-readable feed list behind data.chain.link) — Chainlink. Accessed 16 Oct 2026. Provider's own feed directory; JSON with no page headline, so the title is descriptive. Each entry names the feed, its proxy contract and, for SmartData feeds, the issuer and data source..B
  2. [2]SWEEP asset page — RWA.xyz. Accessed 11 Oct 2026.A
  3. [3]State Street and Galaxy launch fund on Solana designed to 'sweep' stablecoins into productive vehicle — The Block, 5 May 2026. Accessed 11 Oct 2026.C
  4. [4]Chainlink's Work With Major Tokenized Asset Platforms and Stablecoin Issuers — Chainlink. Accessed 13 Oct 2026. Chainlink's own round-up of client announcements (provider self-report); undated page..B
  5. [5]State Street Investment Management and Galaxy Digital Bring Cash Management Onchain — State Street, 5 May 2026. Accessed 18 Oct 2026.B
  6. [6]SWEEP asset page — RWA.xyz. Accessed 18 Oct 2026. Figures read from the page's embedded JSON (__NEXT_DATA__) on 18 Oct 2026..A
  7. [7]OUSG | Ondo Finance — Ondo Finance. Accessed 18 Oct 2026. Portfolio overview as of 16 Oct 2026: SWEEP position $151,528,661 (47.34% of OUSG)..B
  8. [8]SWEEP asset page: service providers — RWA.xyz. Accessed 28 Oct 2026. Service-provider fields (fund administrator, transfer agent, custodians) read from the embedded JSON on 28 Oct 2026; grade C under the editor's rule for RWA.xyz provider fields..C

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