News Explorer — SWEEP Tokenized Fund by State Street and Galaxy Offers Yield on Stablecoins

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May 5, 1:07 pm

Coindesk

SWEEP Tokenized Fund by State Street and Galaxy Offers Yield on Stablecoins

State Street Investment Management and Galaxy Asset Management have introduced a tokenized fund, SWEEP, allowing investors to earn yield on stablecoins while maintaining liquidity. The fund operates continuously on blockchain, unlike traditional money market funds, reflecting a growing trend in tokenized finance products.

State Street Investment Management and Galaxy Asset Management have introduced a tokenized fund, SWEEP, allowing investors to earn yield on stablecoins while maintaining liquidity. The fund operates continuously on blockchain, unlike traditional money market funds, reflecting a growing trend in tokenized finance products.

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