Galaxy and State Street just skipped that part.
SWEEP went live on Solana in May 2026. The December 2025 announcement said Galaxy could build institutional tokenization infrastructure alongside a $5.62T asset manager. The live fund confirms it did.
The setup
SWEEP holds short-duration U.S. Treasuries and repurchase agreements. The same instruments a traditional money-market fund holds. Investors subscribe with cash, receive tokens representing fund shares, and net asset value is published onchain daily via Chainlink, the decentralized oracle network that pipes real-world pricing data onto blockchains.
When investors want out, they redeem for PYUSD, PayPal's dollar-pegged stablecoin.
