- Ondo Finance partners with State Street, Galaxy for tokenized liquidity.
- SWEEP aims to enhance 24/7 liquidity via blockchain technology.
- OUSG expands with funds from BlackRock, Fidelity, and State Street.
According to a recent announcement, Ondo Finance has teamed up with State Street Investment Management and Galaxy Asset Management to launch a new private tokenized liquidity fund, named SWEEP. The partnership aims to bring traditional cash management onto the blockchain, offering a streamlined solution for liquidity management.
Ondo’s flagship product, OUSG, will serve as the lead anchor investor in SWEEP, further diversifying its reserves. This move is expected to enhance access to 24/7 liquidity for OUSG investors.
OUSG is already making significant strides in the tokenized asset management space, with a portfolio that holds a diversified collection of institutional tokenized U.S. Treasury funds.
The fund aggregates liquidity from a variety of stablecoins, allowing investors to tap into this liquidity continuously. By leveraging SWEEP, Ondo aims to bolster liquidity for OUSG holders and extend this benefit to other third-party funds via Ondo Nexus.
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A New Era of Onchain Liquidity Management
SWEEP, which is expected to launch on the Solana blockchain in early 2026, targets a significant shift in how liquidity management is approached in the world of decentralized finance. Through SWEEP, investors will be able to access instant subscriptions and redemptions with daily interest accruals.
Additionally, the new offering will allow for low fees and multi-chain support across major blockchain networks like Ethereum, Solana, Ripple, and Polygon.
The collaboration also sees OUSG increasing its exposure to some of the world’s most trusted asset managers. With SWEEP, OUSG’s portfolio will expand to include funds from financial giants like State Street, BlackRock, Fidelity, Franklin Templeton, WisdomTree, and more.
This diverse portfolio ensures that OUSG holders will benefit from a broad range of institutional-grade tokenized funds, strengthening the overall liquidity infrastructure.
This move positions Ondo Finance as a leading player in the rapidly growing space of real-world asset tokenization. The firm’s ongoing collaboration with trusted asset managers and their efforts to expand liquidity access underscore their commitment to shaping the future of decentralized finance.
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