🚨💥 BREAKING : The State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) is a tokenized private liquidity fund designed to let qualified investors "sweep" stablecoins into a yield-bearing vehicle backed primarily by short-duration U.S. Treasury securities. $CT $MOVR
Key Facts
· Managers & Tech: State Street Investment Management manages the fund. Galaxy Asset Management provides the tokenization technology and digital infrastructure .
· Blockchain Rollout: Launched initially on Solana. Expansion to Stellar and Ethereum is planned .
· Investment Focus: U.S. Treasury bills, notes, bonds, and Treasury-backed repos .
· Stablecoin Support: Subscriptions and redemptions use PayPal USD (PYUSD), with USDC planned later .
· Eligibility: Open only to Qualified Purchasers. Minimum initial investment: $5 million** for entities, **$1 million for individuals .
· Fees: 0.50% total expense ratio .
· Custody: Anchorage Digital custodies digital assets; State Street Bank and Trust custodies traditional securities .
Key Facts
· Managers & Tech: State Street Investment Management manages the fund. Galaxy Asset Management provides the tokenization technology and digital infrastructure .
· Blockchain Rollout: Launched initially on Solana. Expansion to Stellar and Ethereum is planned .
· Investment Focus: U.S. Treasury bills, notes, bonds, and Treasury-backed repos .
· Stablecoin Support: Subscriptions and redemptions use PayPal USD (PYUSD), with USDC planned later .
· Eligibility: Open only to Qualified Purchasers. Minimum initial investment: $5 million** for entities, **$1 million for individuals .
· Fees: 0.50% total expense ratio .
· Custody: Anchorage Digital custodies digital assets; State Street Bank and Trust custodies traditional securities .
