DeFi· ★★★★· bullish·

State Street, Galaxy launch SWEEP tokenized liquidity fund on Stellar

  • —Minimum investment is $5 million for entities and $1 million for individuals, restricted to Qualified Purchasers
  • —Expense ratio is 0.50% per year, with 24/7 subscription and redemption in PYUSD
  • —Anchorage Digital and State Street Bank provide custody; Chainlink handles cross-chain data and messaging
  • —Launched on Solana first, with expansion to Stellar and Ethereum planned
Why it matters: A top custodian is moving cash management onchain, intensifying competition among tokenized money market funds.
#PYUSD#USDC
Source: Crypto Briefing
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