Overview
- SWEEP is slated to go live on Solana in early 2026 and will use PayPal’s PYUSD for subscriptions and redemptions to support continuous investor flows.
- Ondo Finance’s OUSG will anchor the vehicle with roughly $200 million in seed capital.
- Access will be restricted to Qualified Purchasers who meet eligibility and minimum investment thresholds.
- State Street Bank and Trust will custody the fund’s underlying treasury assets, while Galaxy provides issuance and tokenization infrastructure.
- The firms plan to expand beyond Solana to Stellar and Ethereum, with Chainlink tools enabling cross-chain movement of data and assets.