Brief
State Street + Galaxy onchain liquidity sweep fund. PYUSD and USDC subscriptions and redemptions 24/7; USD via Fedwire on business days. Anchored by ~$200M from Ondo's OUSG. Launched on Solana May 2026; Stellar and Ethereum next via Chainlink CCIP. Investment manager: SSGA Funds Management.
Recent activity
Latest moves on the changelog feed.
- May 5, 2026NEW
SWEEP. State Street + Galaxy onchain liquidity sweep fund launched on Solana. PYUSD and USDC subscriptions and redemptions 24/7, ~$200M anchored by Ondo's OUSG. Cross-chain via Chainlink CCIP; Stellar and Ethereum next. The first major institutional onchain liquidity sweep: idle stablecoin balances earn money-market yield 24/7 without leaving the wallet. 0.50% TER.
Snapshot
Key terms and identifiers.
- Asset value
- $200M+
- Fee
- 0.50% per annum of average daily net assets
- Custodian
- State Street
- Structure
- Private tokenized money market fund (PYUSD + USDC denominated)
- Chains
- Solana
- NAV frequency
- Daily (USD redemption by 2pm ET; PYUSD/USDC 24/7)
- Investor type
- Qualified Purchasers ($5M entity / $1M individual min)
- As of
- 2026-05
- Asset classes
- Treasuries
- Token standards
- spl
- Regulatory
- sec-reg-d
- Jurisdiction
- US
Milestones
How this player got here.
- May 2026SWEEP launched on Solana
- Dec 2025Announced by State Street + Galaxy with Ondo as anchor investor
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
