Ondo Finance will launch a private tokenized liquidity fund on Solana

Ondo Finance, in collaboration with State Street Investment Management and Galaxy Asset Management, has announced the SWEEP program, a new private tokenized liquidity fund aimed at bringing traditional cash management on-chain.

Ondo's flagship tokenized fund, OUSG, plans to serve as the primary anchor investor in SWEEP, utilizing the fund to further diversify its reserves and enhance the opportunities for OUSG investors to access 24/7 liquidity. The SWEEP program is set to launch on the Solana network in early 2026. OUSG holds a diversified portfolio of institutional tokenized U.S. Treasury funds, aggregating the 24/7 stablecoin liquidity provided by many of these funds, and offering this liquidity to OUSG holders as well as to holders of these third-party funds through Ondo Nexus.