{"success":true,"data":{"pressRelease":{"id":"21030","rtpr_id":"nBwc5Q0jZa","ticker":"GLXY","exchange":"NASDAQ","all_tickers":["GLXY","STT"],"title":"State Street Investment Management and Galaxy Digital Bring Cash Management Onchain","author":"Business Wire","published_at":"2026-05-05T12:30:00.662Z","article_body":"State Street Investment Management and Galaxy Digital Bring Cash Management\nOnchain\n\nState Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) launches\n\nState Street Investment Management and Galaxy Asset Management, an affiliate\nof Galaxy Digital Inc. (NASDAQ: GLXY), today announced the launch of the State\nStreet Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private\nliquidity fund designed to enable 24/7 onchain cash management via stablecoin,\nsubject to availability of stablecoin in the fund’s portfolio.\n\nThe launch represents a milestone in State Street’s digital strategy to\noffer investment solutions onchain and support 24/7 programmatic trading and\nliquidity for cash management. Building on its legacy as an innovator, State\nStreet continues to invest in foundational digital asset capabilities across\ninvestment management and custody, offering cutting-edge, onchain investment\nsolutions to DeFi-native clients, as well as acting as the bridge to\ntraditional institutional clients looking to move onchain.\n\nSWEEP is powered by Galaxy’s Digital Infrastructure, which provides the\ntokenization technology and digital infrastructure supporting the issuance and\nmanagement of SWEEP tokens. The fund is built to allow stablecoin holders to\nsweep their stablecoin into a yield bearing asset. SWEEP launches on the\nSolana blockchain, with additional blockchain integrations planned, including\nStellar and Ethereum. Anchorage serves as the fund’s digital custodian for\nstablecoin investments, NAV Consulting serves as transfer agent, and Galaxy is\nleveraging Chainlink NAVLink to publish the fund’s daily NAV onchain and\nChainlink CCIP for secure cross-chain interoperability. State Street Bank and\nTrust Company serves as the fund’s custodian for securities holdings.\n\nAnnounced in December 2025, SWEEP allows investors to use PayPal USD (PYUSD)\nstablecoins for subscriptions and redemptions, subject to portfolio\navailability, and is available to Qualified Purchasers that meet certain\neligibility criteria and minimum investment amounts.\n\n“State Street has played a leading role in market innovation for decades,\nfrom servicing mutual funds to launching ETFs, and we’re proud to continue\nthat role as digital assets reshape market infrastructure,” said Yie-Hsin\nHung, president and chief executive officer of State Street Investment\nManagement. “This fund allows us to bring the TradFi landscape onchain in a\nresilient way, guided by our long-standing focus on innovation, risk\nmanagement and client outcomes.”\n\n“For years we've argued that traditional finance and crypto would converge\non the same rails,” said Mike Novogratz, founder and CEO of Galaxy. “We\nbelieve SWEEP is what that looks like in practice, with a fund managed by an\nexperienced cash manager being available for investors onchain, on\ninfrastructure Galaxy built for institutions.”\n\nSWEEP expands and deepens State Street Investment Management’s relationship\nwith Galaxy. In September 2024, State Street Investment Management launched\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.statestreet.com%2Finvestor-news-events%2Fpress-releases%2Fnews-details%2F2024%2FState-Street-Global-Advisors-Debuts-Three-Digital-Asset-and-Disruptive-Technology-ETFs-Actively-Managed-By-Galaxy-Asset-Management%2Fdefault.aspx&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=launched&index=1&md5=5a6a7b3b58127f58df17e90b367e081d)\nthree actively managed ETFs sub-advised by Galaxy that are focused on digital\nassets and disruptive technologies.\n\nAbout State Street Investment Management\n\nAt State Street Investment Management, we have been helping create better\noutcomes for institutions, financial intermediaries, and investors for nearly\nhalf a century. Starting with our early innovations in indexing and ETFs, our\nrigorous approach continues to be driven by market-tested expertise and a\nrelentless commitment to those we serve. With over $5 trillion in assets\nmanaged*, clients in 60 countries, and a global network of strategic partners,\nwe use our scale to deliver a comprehensive and cost-effective suite of\ninvestment solutions that help investors get wherever they want to go. State\nStreet Investment Management is the asset management arm of State Street\nCorporation (NYSE: STT).\n\n*This figure is presented as of March 31, 2026 and includes ETF AUM of\n$1,940.32 billion USD of which approximately $184.18 billion USD in gold\nassets with respect to SPDR products for which State Street Global Advisors\nFunds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD\nand State Street Investment Management are affiliated. Please note all AUM is\nunaudited.\n\nAbout Galaxy\n\nGalaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and\ndata center infrastructure, delivering solutions that accelerate progress in\nfinance and artificial intelligence. Our digital assets platform offers\ninstitutional access to trading, advisory, asset management, staking,\nself-custody, and tokenization technology. In addition, we develop and operate\ncutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6\nGW Helios campus in Texas positions Galaxy among the largest and\nfastest-growing data center developers in North America. The Company is\nheadquartered in New York City, with offices across North America, Europe, the\nMiddle East, and Asia. Additional information about Galaxy's businesses and\nproducts is available on www.galaxy.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4665584-1%26h%3D2270911278%26u%3Dhttps%253A%252F%252Fedge.prnewswire.com%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4544106-1%2526h%253D1838601412%2526u%253Dhttp%25253A%25252F%25252Fwww.galaxy.com%25252F%2526a%253Dwww.galaxy.com%26a%3Dwww.galaxy.com&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=www.galaxy.com&index=2&md5=ef6817a960924b1c6c75a3e4073c3f05)\n.\n\nImportant Risk Information\n\nProspective investors should carefully read the Private Placement Memorandum\nof the fund in its entirety prior to investing. However, the contents of the\nPrivate Placement Memorandum should not be considered to be investment, legal\nor tax advice, and each prospective investor should consult with its own\ncounsel and advisers as to all matters concerning an investment in the fund.\nNo offer of interests in the fund will be made except pursuant to the Private\nPlacement Memorandum of the fund.\n\nInvestors in the Fund must meet eligibility criteria as set forth in the\nPrivate Placement Memorandum and the other offering documents of the Fund. The\nminimum initial subscription to the Fund is $5,000,000 for entity investors\nand $1,000,000 for individual/natural person investors.\n\nRisk of Loss. No guarantee or representation is made that the Fund’s\ninvestment program will be successful. Investment results may vary\nsubstantially over time. No assurance can be made that profits will be\nachieved and there is the potential for substantial or complete loss of your\ninvestment. An investment in a private placement is highly speculative,\ninvolving a high degree of risk and a potential lack of liquidity.\n\nThe Fund is not a “money market fund” registered with the U.S. Securities\nand Exchange Commission (“SEC”), and while the Master Fund may invest in\nsimilar instruments and employ similar rules and limitations, the Fund is not\nsubject to the various rules and limitations that apply to such registered\nmoney market funds.\n\nLow Short-Term Interest Rates. During market conditions in which short-term\ninterest rates are at low levels, the Fund’s yield can be very low. During\nthese conditions, it is possible that the Fund will generate an insufficient\namount of income to pay its expenses, and that it may have a negative yield\n(i.e., it may lose money on an operating basis).\n\nFocused Investment Risk. The Fund is expected to invest a large percentage of\nits assets in treasury securities, which may result in more risk or greater\nvolatility in returns than if the Fund’s investments were less focused.\n\nU.S. Treasury Obligations Risk. U.S. Treasury obligations may differ from\nother securities in their interest rates, maturities, times of issuance and\nother characteristics. Similar to other issuers, changes to the financial\ncondition or credit rating of the U.S. government may cause the value of the\nFund’s U.S. Treasury obligations to decline.\n\nRepurchase Agreement Risk. Repurchase agreements may be viewed as loans made\nby the Fund that are collateralized by the securities subject to repurchase.\nThe Fund’s investment return on such transactions will depend on the\ncounterparty’s willingness and ability to perform its obligations under a\nrepurchase agreement. If the Fund’s counterparty should default on its\nobligations and the Fund is delayed or prevented from recovering the\ncollateral, or if the value of the collateral is insufficient, the Fund may\nrealize a loss.\n\nDistributor: State Street Global Advisors Funds Distributors, LLC, member\nFINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation.\nReferences to State Street may include State Street Corporation and its\naffiliates. Certain State Street affiliates provide services and receive fees\nfrom the fund. SSGA Funds Management, Inc. has also retained Galaxy Digital\nPartners LLC, member FINRA, SIPC (“Galaxy Digital”) as placement agent to\nthe fund. State Street Global Advisors Funds Distributors, LLC is not\naffiliated with Galaxy Digital.\n\nTransacting on the blockchain involves a high degree of risk. Tokens are\nrepresentations of fund units and have no intrinsic value, have limited\nregulatory certainty, are subject to fraud and potential market manipulation\nand operational risks and may expose investors to loss of principal.\n\nBefore investing, consider the fund’s investment objectives, risks, charges\nand expenses. All statements are subject to the definitive offering documents\nof the fund, available from State Street Global Advisors Funds Distributors,\nLLC or Galaxy Digital.\n\nNot FDIC Insured - No Bank Guarantee - May Lose Value\n\nState Street Global Advisors Fund Distributors, LLC, member FINRA, SIPC\n\nState Street Global Advisors (SSGA) is now State Street Investment Management.\nPlease go to statestreet.com/investment-management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ssga.com%2Fus%2Fen%2Fintermediary&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=statestreet.com%2Finvestment-management&index=3&md5=0b927ee224ac81dca803c529c6c3f09a)\nfor more information.\n\n© 2026 State Street Corporation. All Rights Reserved.\n\nState Street Investment Management, One Congress Street, Boston, MA 02114.\n\nADTRAX #8903831.1.1.AM.RTL\n\nExp. Date: 5/31/2027\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260505800898/en/\n(https://www.businesswire.com/news/home/20260505800898/en/)\n\nMedia Contact: \n\nMichael Kingsley\n\nmkingsley@statestreet.com \n(mailto:mkingsley@statestreet.com) \n+1 914 522 9471\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwc5Q0jZa","title":"State Street Investment Management and Galaxy Digital Bring Cash Management Onchain","author":"Business Wire","ticker":"GLXY","created":"2026-05-05T12:30:00.662Z","tickers":["GLXY","STT"],"exchange":"NASDAQ","article_body":"State Street Investment Management and Galaxy Digital Bring Cash Management\nOnchain\n\nState Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) launches\n\nState Street Investment Management and Galaxy Asset Management, an affiliate\nof Galaxy Digital Inc. (NASDAQ: GLXY), today announced the launch of the State\nStreet Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private\nliquidity fund designed to enable 24/7 onchain cash management via stablecoin,\nsubject to availability of stablecoin in the fund’s portfolio.\n\nThe launch represents a milestone in State Street’s digital strategy to\noffer investment solutions onchain and support 24/7 programmatic trading and\nliquidity for cash management. Building on its legacy as an innovator, State\nStreet continues to invest in foundational digital asset capabilities across\ninvestment management and custody, offering cutting-edge, onchain investment\nsolutions to DeFi-native clients, as well as acting as the bridge to\ntraditional institutional clients looking to move onchain.\n\nSWEEP is powered by Galaxy’s Digital Infrastructure, which provides the\ntokenization technology and digital infrastructure supporting the issuance and\nmanagement of SWEEP tokens. The fund is built to allow stablecoin holders to\nsweep their stablecoin into a yield bearing asset. SWEEP launches on the\nSolana blockchain, with additional blockchain integrations planned, including\nStellar and Ethereum. Anchorage serves as the fund’s digital custodian for\nstablecoin investments, NAV Consulting serves as transfer agent, and Galaxy is\nleveraging Chainlink NAVLink to publish the fund’s daily NAV onchain and\nChainlink CCIP for secure cross-chain interoperability. State Street Bank and\nTrust Company serves as the fund’s custodian for securities holdings.\n\nAnnounced in December 2025, SWEEP allows investors to use PayPal USD (PYUSD)\nstablecoins for subscriptions and redemptions, subject to portfolio\navailability, and is available to Qualified Purchasers that meet certain\neligibility criteria and minimum investment amounts.\n\n“State Street has played a leading role in market innovation for decades,\nfrom servicing mutual funds to launching ETFs, and we’re proud to continue\nthat role as digital assets reshape market infrastructure,” said Yie-Hsin\nHung, president and chief executive officer of State Street Investment\nManagement. “This fund allows us to bring the TradFi landscape onchain in a\nresilient way, guided by our long-standing focus on innovation, risk\nmanagement and client outcomes.”\n\n“For years we've argued that traditional finance and crypto would converge\non the same rails,” said Mike Novogratz, founder and CEO of Galaxy. “We\nbelieve SWEEP is what that looks like in practice, with a fund managed by an\nexperienced cash manager being available for investors onchain, on\ninfrastructure Galaxy built for institutions.”\n\nSWEEP expands and deepens State Street Investment Management’s relationship\nwith Galaxy. In September 2024, State Street Investment Management launched\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.statestreet.com%2Finvestor-news-events%2Fpress-releases%2Fnews-details%2F2024%2FState-Street-Global-Advisors-Debuts-Three-Digital-Asset-and-Disruptive-Technology-ETFs-Actively-Managed-By-Galaxy-Asset-Management%2Fdefault.aspx&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=launched&index=1&md5=5a6a7b3b58127f58df17e90b367e081d)\nthree actively managed ETFs sub-advised by Galaxy that are focused on digital\nassets and disruptive technologies.\n\nAbout State Street Investment Management\n\nAt State Street Investment Management, we have been helping create better\noutcomes for institutions, financial intermediaries, and investors for nearly\nhalf a century. Starting with our early innovations in indexing and ETFs, our\nrigorous approach continues to be driven by market-tested expertise and a\nrelentless commitment to those we serve. With over $5 trillion in assets\nmanaged*, clients in 60 countries, and a global network of strategic partners,\nwe use our scale to deliver a comprehensive and cost-effective suite of\ninvestment solutions that help investors get wherever they want to go. State\nStreet Investment Management is the asset management arm of State Street\nCorporation (NYSE: STT).\n\n*This figure is presented as of March 31, 2026 and includes ETF AUM of\n$1,940.32 billion USD of which approximately $184.18 billion USD in gold\nassets with respect to SPDR products for which State Street Global Advisors\nFunds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD\nand State Street Investment Management are affiliated. Please note all AUM is\nunaudited.\n\nAbout Galaxy\n\nGalaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and\ndata center infrastructure, delivering solutions that accelerate progress in\nfinance and artificial intelligence. Our digital assets platform offers\ninstitutional access to trading, advisory, asset management, staking,\nself-custody, and tokenization technology. In addition, we develop and operate\ncutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6\nGW Helios campus in Texas positions Galaxy among the largest and\nfastest-growing data center developers in North America. The Company is\nheadquartered in New York City, with offices across North America, Europe, the\nMiddle East, and Asia. Additional information about Galaxy's businesses and\nproducts is available on www.galaxy.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4665584-1%26h%3D2270911278%26u%3Dhttps%253A%252F%252Fedge.prnewswire.com%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4544106-1%2526h%253D1838601412%2526u%253Dhttp%25253A%25252F%25252Fwww.galaxy.com%25252F%2526a%253Dwww.galaxy.com%26a%3Dwww.galaxy.com&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=www.galaxy.com&index=2&md5=ef6817a960924b1c6c75a3e4073c3f05)\n.\n\nImportant Risk Information\n\nProspective investors should carefully read the Private Placement Memorandum\nof the fund in its entirety prior to investing. However, the contents of the\nPrivate Placement Memorandum should not be considered to be investment, legal\nor tax advice, and each prospective investor should consult with its own\ncounsel and advisers as to all matters concerning an investment in the fund.\nNo offer of interests in the fund will be made except pursuant to the Private\nPlacement Memorandum of the fund.\n\nInvestors in the Fund must meet eligibility criteria as set forth in the\nPrivate Placement Memorandum and the other offering documents of the Fund. The\nminimum initial subscription to the Fund is $5,000,000 for entity investors\nand $1,000,000 for individual/natural person investors.\n\nRisk of Loss. No guarantee or representation is made that the Fund’s\ninvestment program will be successful. Investment results may vary\nsubstantially over time. No assurance can be made that profits will be\nachieved and there is the potential for substantial or complete loss of your\ninvestment. An investment in a private placement is highly speculative,\ninvolving a high degree of risk and a potential lack of liquidity.\n\nThe Fund is not a “money market fund” registered with the U.S. Securities\nand Exchange Commission (“SEC”), and while the Master Fund may invest in\nsimilar instruments and employ similar rules and limitations, the Fund is not\nsubject to the various rules and limitations that apply to such registered\nmoney market funds.\n\nLow Short-Term Interest Rates. During market conditions in which short-term\ninterest rates are at low levels, the Fund’s yield can be very low. During\nthese conditions, it is possible that the Fund will generate an insufficient\namount of income to pay its expenses, and that it may have a negative yield\n(i.e., it may lose money on an operating basis).\n\nFocused Investment Risk. The Fund is expected to invest a large percentage of\nits assets in treasury securities, which may result in more risk or greater\nvolatility in returns than if the Fund’s investments were less focused.\n\nU.S. Treasury Obligations Risk. U.S. Treasury obligations may differ from\nother securities in their interest rates, maturities, times of issuance and\nother characteristics. Similar to other issuers, changes to the financial\ncondition or credit rating of the U.S. government may cause the value of the\nFund’s U.S. Treasury obligations to decline.\n\nRepurchase Agreement Risk. Repurchase agreements may be viewed as loans made\nby the Fund that are collateralized by the securities subject to repurchase.\nThe Fund’s investment return on such transactions will depend on the\ncounterparty’s willingness and ability to perform its obligations under a\nrepurchase agreement. If the Fund’s counterparty should default on its\nobligations and the Fund is delayed or prevented from recovering the\ncollateral, or if the value of the collateral is insufficient, the Fund may\nrealize a loss.\n\nDistributor: State Street Global Advisors Funds Distributors, LLC, member\nFINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation.\nReferences to State Street may include State Street Corporation and its\naffiliates. Certain State Street affiliates provide services and receive fees\nfrom the fund. SSGA Funds Management, Inc. has also retained Galaxy Digital\nPartners LLC, member FINRA, SIPC (“Galaxy Digital”) as placement agent to\nthe fund. State Street Global Advisors Funds Distributors, LLC is not\naffiliated with Galaxy Digital.\n\nTransacting on the blockchain involves a high degree of risk. Tokens are\nrepresentations of fund units and have no intrinsic value, have limited\nregulatory certainty, are subject to fraud and potential market manipulation\nand operational risks and may expose investors to loss of principal.\n\nBefore investing, consider the fund’s investment objectives, risks, charges\nand expenses. All statements are subject to the definitive offering documents\nof the fund, available from State Street Global Advisors Funds Distributors,\nLLC or Galaxy Digital.\n\nNot FDIC Insured - No Bank Guarantee - May Lose Value\n\nState Street Global Advisors Fund Distributors, LLC, member FINRA, SIPC\n\nState Street Global Advisors (SSGA) is now State Street Investment Management.\nPlease go to statestreet.com/investment-management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ssga.com%2Fus%2Fen%2Fintermediary&esheet=54528923&newsitemid=20260505800898&lan=en-US&anchor=statestreet.com%2Finvestment-management&index=3&md5=0b927ee224ac81dca803c529c6c3f09a)\nfor more information.\n\n© 2026 State Street Corporation. All Rights Reserved.\n\nState Street Investment Management, One Congress Street, Boston, MA 02114.\n\nADTRAX #8903831.1.1.AM.RTL\n\nExp. Date: 5/31/2027\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260505800898/en/\n(https://www.businesswire.com/news/home/20260505800898/en/)\n\nMedia Contact: \n\nMichael Kingsley\n\nmkingsley@statestreet.com \n(mailto:mkingsley@statestreet.com) \n+1 914 522 9471\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-05T12:30:00.922852367Z","server_sent_at_ms":1777984200922},"received_at":"2026-05-05T12:30:00.985Z","source_url":"https://www.businesswire.com/news/home/20260505800898/en/"},"analysis":{"id":"15565","press_release_id":"21030","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":[],"eventType":"product_launch","narrative":"Galaxy Digital and State Street Investment Management launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund enabling 24/7 onchain cash management.\n\nThe fund launches on the Solana blockchain with plans to integrate Stellar and Ethereum, powered by Galaxy's Digital Infrastructure and supported by Anchorage as digital custodian and Chainlink for onchain data.\n\nSWEEP allows Qualified Purchasers to use PayPal USD (PYUSD) for subscriptions, with minimum investments of $5M for entities and $1M for individuals.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Major validation for Galaxy's tech stack via partnership with State Street ($5T AUM) for the new SWEEP fund."},"keyFigures":{"customDimensions":{"min_investment_entity":5000000,"min_investment_individual":1000000}},"quotedText":"We believe SWEEP is what that looks like in practice, with a fund managed by an experienced cash manager being available for investors onchain, on infrastructure Galaxy built for institutions.","namedEntities":{"people":[{"name":"Yie-Hsin Hung","role":"President and CEO of State Street Investment Management"},{"name":"Mike Novogratz","role":"Founder and CEO of Galaxy"},{"name":"Michael Kingsley","role":"Media Contact"}],"products":["State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)","Solana blockchain","Stellar","Ethereum","PayPal USD (PYUSD)","Chainlink NAVLink","Chainlink CCIP","Helios campus"],"companies":[{"name":"Galaxy Digital Inc.","ticker":"GLXY","relationship":"FILER"},{"name":"State Street Investment Management","relationship":"partner"},{"name":"State Street Corporation","ticker":"STT","relationship":"partner"},{"name":"Anchorage","relationship":"digital custodian"},{"name":"NAV Consulting","relationship":"transfer agent"},{"name":"Chainlink","relationship":"technology provider"},{"name":"State Street Bank and Trust Company","relationship":"securities custodian"},{"name":"PayPal","relationship":"partner (PYUSD)"}],"dollarAmounts":[{"amount":"over $5 trillion","context":"State Street Investment Management assets managed"},{"amount":"$1,940.32 billion USD","context":"SSGA ETF AUM"},{"amount":"$184.18 billion USD","context":"SSGA gold assets"},{"amount":"$5,000,000","context":"minimum initial subscription for entity investors"},{"amount":"$1,000,000","context":"minimum initial subscription for individual investors"}]},"materialImpact":{"score":4,"reasoning":"Launch of a significant product (SWEEP) with a major traditional finance partner (State Street), validating Galaxy's technology and strategy in a growing market segment."},"tickerRelevance":{"others":[{"ticker":"STT","relevance":"partner"}],"primary":"GLXY"},"globalImportance":45,"audienceRelevance":60,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"mid_cap_retail_favorite","partnerTier":"mega_cap_tradfi","eventGravity":"strategic_partnership_product_launch","sectorWeight":"crypto_finance"}},"event_type":"product_launch","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":4,"narrative":"Galaxy Digital and State Street Investment Management launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized private liquidity fund enabling 24/7 onchain cash management.\n\nThe fund launches on the Solana blockchain with plans to integrate Stellar and Ethereum, powered by Galaxy's Digital Infrastructure and supported by Anchorage as digital custodian and Chainlink for onchain data.\n\nSWEEP allows Qualified Purchasers to use PayPal USD (PYUSD) for subscriptions, with minimum investments of $5M for entities and $1M for individuals.","key_figures":{"customDimensions":{"min_investment_entity":5000000,"min_investment_individual":1000000}},"named_entities":{"people":[{"name":"Yie-Hsin Hung","role":"President and CEO of State Street Investment Management"},{"name":"Mike Novogratz","role":"Founder and CEO of Galaxy"},{"name":"Michael Kingsley","role":"Media Contact"}],"products":["State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)","Solana blockchain","Stellar","Ethereum","PayPal USD (PYUSD)","Chainlink NAVLink","Chainlink CCIP","Helios campus"],"companies":[{"name":"Galaxy Digital Inc.","ticker":"GLXY","relationship":"FILER"},{"name":"State Street Investment Management","relationship":"partner"},{"name":"State Street Corporation","ticker":"STT","relationship":"partner"},{"name":"Anchorage","relationship":"digital custodian"},{"name":"NAV Consulting","relationship":"transfer agent"},{"name":"Chainlink","relationship":"technology provider"},{"name":"State Street Bank and Trust Company","relationship":"securities custodian"},{"name":"PayPal","relationship":"partner (PYUSD)"}],"dollarAmounts":[{"amount":"over $5 trillion","context":"State Street Investment Management assets managed"},{"amount":"$1,940.32 billion USD","context":"SSGA ETF AUM"},{"amount":"$184.18 billion USD","context":"SSGA gold assets"},{"amount":"$5,000,000","context":"minimum initial subscription for entity investors"},{"amount":"$1,000,000","context":"minimum initial subscription for individual investors"}]},"model_name":"glm-4.7","prompt_hash":"sha256:511026a279f8af46","schema_hash":"sha256:96555d0809de301c","created_at":"2026-05-05T14:36:57.160Z","global_importance":45,"audience_relevance":60,"importance_components":{"tickerTier":"mid_cap_retail_favorite","partnerTier":"mega_cap_tradfi","eventGravity":"strategic_partnership_product_launch","sectorWeight":"crypto_finance"}},"durationMs":null,"modelName":"glm-4.7"}}