Solana Ecosystem - Coinbase launched native DEX trading for all Solana tokens at Solana Breakpoint 2025, promoting adoption and innovation [1] - State Street and Galaxy Digital are launching SWEEP, a tokenized liquidity fund on Solana with $200 million seed from Ondo Finance, aiming for early 2026 launch [5] Cryptocurrency Market Trends - Sui Network's 24-hour volume surged to $780 million, surpassing TRX, ADA, and AVAX, indicating rapid adoption [3] - Bitcoin, Ethereum, Solana, and XRP ETFs are experiencing strong inflows, reflecting growing institutional interest [3] - Stacks ($STX) is gaining attention with new builder challenges and zero-fee USDC trading pairs launching December 11 [4] Institutional Adoption - The New York Stock Exchange unveiled a statue of Bitcoin's creator, Satoshi Nakamoto, symbolizing crypto's growing influence in traditional finance [2] - SWEEP fund aims to provide 24/7 liquidity and attract institutional investors to DeFi [5] Altcoin Performance - Terra's Do Kwon faces U.S sentencing, causing volatile rallies in LUNA and LUNC tokens [3] - Sandisk leads S&P 500 winners with a 547% gain [4]

Core Insights - Ondo Finance has partnered with State Street Investment Management and Galaxy Asset Management to launch a tokenized private liquidity fund named SWEEP, aimed at integrating traditional cash management on-chain using Galaxy's tokenization infrastructure [1][2] - The SWEEP fund is set to debut on the Solana blockchain in early 2026, with Ondo's flagship product OUSG planning to allocate approximately $200 million as the anchor investor [1][4] - The partnership is expected to enhance OUSG's 24/7 liquidity network, with Galaxy providing the digital infrastructure for the issuance and management of SWEEP tokens [2] Product Details - The State Street Galaxy Onchain Liquidity Sweep Fund will enable investors to transfer cash balances into a digital vehicle, offering continuous access via PayPal's stablecoin, PYUSD [3] - State Street will manage treasury assets for the new fund through its banking division, State Street Bank and Trust Company [3] - OUSG, valued at $770 million, provides investors with tokenized exposure to US treasuries and will benefit from the addition of SWEEP as a high-quality reserve option [4] Regulatory Context - The announcement of the partnership follows the SEC's closure of a two-year investigation into Ondo Finance, which examined whether Ondo's tokenization practices complied with federal policies and if the ONDO token was classified as a security [5] - Despite the investigation, Ondo Finance's OUSG maintains a multichain presence across Ethereum, Solana, Ripple, and Polygon [5] Market Reaction - Market observers suggest that the ongoing partnerships may enhance the visibility and presence of Ondo's native token, ONDO, which experienced a relief rally above the $0.50 mark earlier in the week, although it faced a 5% daily loss on December 11 [6]

RT Ondo Finance (@OndoFinance)Ondo Finance has joined with State Street Investment Management and Galaxy Asset Management to announce plans for SWEEP, a new private tokenized liquidity fund bringing traditional cash management onchain.OUSG, Ondo’s flagship tokenized fund, plans to serve as the lead anchor investor in SWEEP, utilizing the fund to further diversify its reserves and enhance access to 24/7 liquidity for OUSG investors.OUSG holds a diversified basket of institutional tokenized U.S. Treasury fund ...

🚨JUST IN: @ONDOFINANCE TEAMS UP WITH STATE STREET INVESTMENT MANAGEMENT AND GALAXY ASSET MANAGEMENT TO LAUNCH SWEEP, A PRIVATE TOKENIZED LIQUIDITY FUND ...