Fidelity Bank and Galaxy plan to launch tokenized liquidity funds on the Solana chain next year
According to reports from HaShi Chain, Fidelity Bank and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026, aiming to enable around-the-clock investor fund flows through stablecoins and expand the application of public blockchains in institutional cash management. This fund, called “State Street Galaxy Onchain Liquidity Sweep Fund” (SWEEP), accepts subscriptions and redemptions in the stablecoin PYUSD issued by PayPal, as long as the fund has available assets to process related requests. Only qualified buyers meeting certain thresholds can invest in this fund. Ondo Finance has committed approximately $200 million as seed funding for this product. The two companies expect the SWEEP fund to be launched on the Solana blockchain upon issuance, with plans to add Stellar and Ethereum blockchains later. Galaxy Asset Management plans to utilize Chainlink’s tools to achieve cross-chain data and asset transfers.
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Fidelity Bank and Galaxy plan to launch tokenized liquidity funds on the Solana chain next year
According to reports from HaShi Chain, Fidelity Bank and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026, aiming to enable around-the-clock investor fund flows through stablecoins and expand the application of public blockchains in institutional cash management. This fund, called “State Street Galaxy Onchain Liquidity Sweep Fund” (SWEEP), accepts subscriptions and redemptions in the stablecoin PYUSD issued by PayPal, as long as the fund has available assets to process related requests. Only qualified buyers meeting certain thresholds can invest in this fund. Ondo Finance has committed approximately $200 million as seed funding for this product. The two companies expect the SWEEP fund to be launched on the Solana blockchain upon issuance, with plans to add Stellar and Ethereum blockchains later. Galaxy Asset Management plans to utilize Chainlink’s tools to achieve cross-chain data and asset transfers.
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