State Street and Galaxy Digital are teaming up to launch a new tokenized private liquidity fund called SWEEP. The fund will use $PYUSD, a stablecoin tied to the U.S. dollar, to provide 24/7 on-chain liquidity for investors, enabling faster trades, greater accessibility and smoother participation. It is expected to roll out on the Solana blockchain in early 2026.
Bringing Private Markets Online
Private assets, like venture investments or private equity, usually take a long time to trade. Because of this, investors often wait days or weeks to buy or sell. However, SWEEP changes this by tokenizing private assets. Furthermore, investors can now trade shares digitally at any time. This makes private markets faster, more transparent, and more accessible.
“A project like SWEEP is a major step for private markets,” said a Galaxy Digital spokesperson. “It brings efficiency and openness to assets that were once hard to trade.”
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