A huge traditional bank (State Street) and major market infrastructure players (DTCC, Galaxy, WisdomTree, etc.) are starting to use Stellar’s blockchain for “tokenization” – turning traditional financial products into digital tokens – and this could make Stellar (XLM) an important hidden player in future finance.[1][2]
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State Street and Galaxy are launching a new tokenized cash fund called the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP).[3][1]
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The fund aims to let big investors move cash into and out of a blockchain‑based fund 24/7 using PayPal’s PYUSD stablecoin.[4][1]
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It is expected to launch with about 200 million dollars in seed capital from Ondo Finance and will start on Solana, with Stellar and Ethereum planned as next chains, using Chainlink for cross‑chain connections.[5][1][4]
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Nadine Chakar, a senior executive who moved from State Street to Securrency (later acquired by DTCC) and is now **Managing Director and Global Head of D