Ondo Finance Teams Up with State Street and Galaxy for Solana Tokenized Fund as SEC Ends Probe
The post Ondo Finance Teams Up with State Street and Galaxy for Solana Tokenized Fund as SEC Ends Probe appeared on BitcoinEthereumNews.com.
The SWEEP fund is a tokenized private liquidity fund launched by State Street Investment Management, Galaxy Digital, and Ondo Finance, designed to provide institutions with on-chain short-duration liquidity management while maintaining exposure to State Street-managed assets. Debuting on Solana in early 2025, it enhances 24/7 liquidity access for investors. Partnership Announcement: State Street, Galaxy Digital, and Ondo Finance collaborate on the innovative SWEEP tokenized fund. Ondo Finance’s OUSG serves as the lead anchor investor, diversifying reserves and improving liquidity for tokenized U.S. Treasury holdings. Regulatory Clearance: The U.S. SEC has ended its investigation into Ondo Finance without charges, paving the way for expanded operations in the crypto tokenization space. Discover the SWEEP fund: State Street, Galaxy Digital, and Ondo Finance’s tokenized liquidity solution on Solana. Explore how this partnership boosts institutional on-chain access and follows SEC clearance for Ondo. Stay ahead in crypto finance—read more now. (152 characters) What is the SWEEP Fund by State Street, Galaxy Digital, and Ondo Finance? The SWEEP fund, officially known as the State Street Galaxy Onchain Liquidity Sweep Fund, is a pioneering tokenized private liquidity fund aimed at bridging traditional finance with blockchain technology. Announced by State Street Investment Management, Galaxy Digital, and Ondo Finance, it will launch on the Solana blockchain early next year, targeting institutional investors seeking efficient on-chain liquidity solutions. By tokenizing short-duration assets managed by State Street, the fund offers 24/7 accessibility while integrating with Ondo Finance’s existing OUSG tokenized U.S. Treasury product as the primary anchor investor. How Does the SEC’s Decision Impact Ondo Finance’s Tokenized Assets? The U.S. Securities and Exchange Commission (SEC) has concluded its multi-year investigation into Ondo Finance without recommending any enforcement actions or charges, marking a significant regulatory win for the company. Launched in October 2023 under former Chair Gary Gensler, the probe examined…
Filed under: News - @ December 12, 2025 3:22 am