State Street Investment Management launches SWEEP, a tokenized cash management fund, on Stellar. Investors access stablecoins 24/7 without banking hours or settlement delays. The deployment uses Stellar smart contracts for issuer controls and represents institutional adoption of Stellar infrastructure.
State Street Investment Management has launched SWEEP, a tokenized cash management fund, on Stellar. The private liquidity fund provides 24/7 onchain stablecoin access for qualified investors without banking hours or settlement delays. The institutional deployment pairs Stellar smart contracts with specialized providers: Galaxy for tokenization, Anchorage for custody, Chainlink for pricing, and NAV Consulting for transfer services. Denelle Dixon, CEO of the Stellar Development Foundation, highlighted that Stellar's 10+ year uptime record and 99.99% reliability now support one of the world's largest fund managers, demonstrating the network's readiness for major institutional RWA deployment.
