State Street Tokenization Brings SWEEP Fund to Solana Blockchain

State Street Tokenization: Solana Price Prediction Amid RWA Expansion

For the first time in history, a GSIB is going to issue assets on a public blockchain and it has chosen Solana. One of the world's most gigantic financial institutions, with $50 trillion in custodied assets, State Street partnered with Galaxy on the launch of a tokenized fund called SWEEP. 

That is huge for the crypto world and traditional finance, demonstrating that finally public blockchains are trusted for real institutional products.

This makes the latest announcement regarding State Street Tokenization a major step toward the marriage of traditional banking with blockchain.

Source: X (formerly Twitter) 

What Is the SWEEP Fund and Why It Matters

The SWEEP, or State Street Galaxy Onchain Liquidity Sweep Fund, is a tokenized private liquidity fund that will go live on Solana first in early 2026. All deposits and withdrawals within the fund will be made using PYUSD, PayPal's stablecoin issued by Paxos, thereby allowing investors to bring money into and take money out of the fund at any time-a loophole in traditional markets.

The team is expected to reveal additional information live at the Solana Conference in Abu Dhabi, where Galaxy CEO Mike Novogratz will speak with Solana's Mert Mumtaz.

Key Facts about SWEEP:

• Uses PYUSD subscriptions and redemptions.

• Institutions only. Limited to Qualified Purchasers.

• Seeded w/ $200 m from Ondo Finance

• Live on Solana, and plans for further expansion to Stellar (XLM) and Ethereum (ETH).

• Galaxy will bridge assets and data across chains with the help of Chainlink tools.

State Street terms this partnership as a reflection of the rapidly shifting relationship between banks and blockchain companies. Galaxy describes tokenization as the “bridge” between traditional finance and the onchain economy.

This greatly scales up it's capabilities across real-world assets, stablecoin settlements, and institutional-grade financial products.

Solana Price Update: Why SOL Dropped Today

While long-term news remained positive, as per the CoinMarketCap, Sol was down 5.86% in the last 24 hours to $131.03. The fall came from the immediate pressure in the markets and not some weakness inside the ecosystem.

Source: CMC

A brief look at what pushed SOL price down:

Market fear:

The Fear & Greed Index currently is 29, showing nervous sentiment. Traders moved money from altcoins back into Bitcoin, raising BTC dominance.

Technical Weakness

The SOL broke below key support at $132.83, with momentum indicators reflecting cooling strength.

Upbit wallet Issues:

After a hot wallet problem, Upbit moved almost all the assets of SOL to cold storage to add some short-term caution. Even with this drawdown, long-term prospects remain excellent for the blockchain, given its growing ecosystem and increasing institutional interest. 

Solana Price Prediction: What Comes Next? 

Below is solana price prediction post sweep launch news

Bull Case: If SOL can continue to hold above $130 and the market bounces better following U.S. CPI data, then it can reclaim $141 for a move towards $155–$165. This could be aided by news regarding State Street Tokenization. 

Bearish Case: If SOL slides below $130, it would head towards $122. Continuous negative funding rates and market fear may continue to squeeze the altcoins.

Disclaimer: This article is for informational purposes only and not a financial advice, kindly do your own research before investing.