State Street rolls out tokenized liquidity fund on Galaxy infrastructure, Mike Novogratz notes

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Hanna Syniavska

05.05.2026

State Street rolls out tokenized liquidity fund on Galaxy infrastructure, Mike Novogratz notes — State Street launches tokenized liquidity fund

Mike Novogratz, industry influencer, reports that State Street Investment Management has launched SWEEP, a tokenized liquidity fund operating on infrastructure developed by Galaxy for institutions. The fund leverages blockchain technology and is supported by Galaxy’s platform, with State Street's investment management arm overseeing over $5 trillion in assets under management.

Novogratz suggests that the integration between traditional finance and the crypto sector is accelerating, as both are now using similar technology rails for asset management solutions.

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