Ondo, State Street, and Galaxy Launch SWEEP to Bring Cash Management Fully OnChain

Ondo Finance, a popular decentralized finance (DeFi) platform, State Street Investment Management, and Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (NASDAQ/TSX: GLXY), today jointly announced the launch of SWEEP. SWEEP is a tokenized liquidity fund designed to bring cash management fully on-chain. The main purpose of this joint landmark launch is to empower users by bringing cash management fully on-chain and making it available 24/7 for liquidity.

Ondo Finance’s OUSG fund goal is to facilitate and lead as the lead anchor investor. This planned execution would further expand tOUSG’s reserves and enhance the depth of its 24/7 stablecoin liquidity for investors. Furthermore, SWEEP is estimating a debut on Solana at the start of 2026. Ondo Finance has released this news through its official X account.

Ondo Finance Advances On-Chain Liquidity with SWEEP Integration

OUSG was introduced in 2023 as the first on-chain offerings providing investors with seamless tokenized exposure to U.S. Ondo Finance. Inspired by this system, it introduced instant 24/7 subscriptions and redemptions for delivering multi-chain availability and institutional-grade transparency.

SWEEP will work on the OUSG’s objective and boost the adoption of tokenized cash across global markets. In addition, SWEEP adds more high-quality sources to OUSG, increasing reserve diversification, liquidity depth, and access to more institutional-grade products.

SWEEP Accelerates the Transition to an Open On-Chain Economy

This collective move of Ondo Finance with State Street and Galaxy will build the next-generation on-chain financial infrastructure. Ondo Finance remains a leading bridge between traditional finance and blockchain. Moreover, this innovative step helps users make their cash management fully on-chain, which prevents any scams or hacks. After the entrance of SWEEP, OUSG’s portfolio spread to major institutional tokenized funds such as State Street- SWEEP, BlackRock- BUIDL, and Fidelity-FDIT, etc.

Ian De Bode, President of Ondo Finance, said, “Tokenization is rapidly becoming the connective tissue between traditional finance and the on-chain economy, and SWEEP represents a major leap forward in that evolution. This collaboration with State Street and Galaxy shows how leaders in TradFi, DeFi, and tokenization can come together to accelerate the transition to a more open, on-chain financial system.”