Ondo, State Street, and Galaxy Launch SWEEP to Bring Cash Management Fully OnChain

Ondo Finance, a popular decentralized finance (DeFi) platform, State Street Investment Management, and Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (NASDAQ/TSX: GLXY), today jointly announced the launch of SWEEP. SWEEP is a tokenized liquidity fund designed to bring cash management fully on-chain. The main purpose of this joint landmark launch is to empower users by bringing cash management fully on-chain and making it available 24/7 for liquidity.

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Ondo Finance’s OUSG fund goal is to facilitate and lead as the lead anchor investor. This planned execution would further expand tOUSG’s reserves and enhance the depth of its 24/7 stablecoin liquidity for investors. Furthermore, SWEEP is estimating a debut on Solana at the start of 2026. Ondo Finance has released this news through its official X account.

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class="wp-block-heading">Ondo Finance Advances On-Chain Liquidity with SWEEP Integration

OUSG was introduced in 2023 as the first on-chain offerings providing investors with seamless tokenized exposure to U.S. Ondo Finance. Inspired by this system, it introduced instant 24/7 subscriptions and redemptions for delivering multi-chain availability and institutional-grade transparency.

SWEEP will work on the OUSG’s objective and boost the adoption of tokenized cash across global markets. In addition, SWEEP adds more high-quality sources to OUSG, increasing reserve diversification, liquidity depth, and access to more institutional-grade products.

SWEEP Accelerates the Transition to an Open On-Chain Economy

This collective move of Ondo Finance with State Street and Galaxy will build the next-generation on-chain financial infrastructure. Ondo Finance remains a leading bridge between traditional finance and blockchain. Moreover, this innovative step helps users make their cash management fully on-chain, which prevents any scams or hacks. After the entrance of SWEEP, OUSG’s portfolio spread to major institutional tokenized funds such as State Street- SWEEP, BlackRock- BUIDL, and Fidelity-FDIT, etc.

Ian De Bode, President of Ondo Finance, said, “Tokenization is rapidly becoming the connective tissue between traditional finance and the on-chain economy, and SWEEP represents a major leap forward in that evolution. This collaboration with State Street and Galaxy shows how leaders in TradFi, DeFi, and tokenization can come together to accelerate the transition to a more open, on-chain financial system.”