What to Know
- Ondo Finance, State Street, and Galaxy are launching SWEEP, a new on-chain liquidity fund set to debut on Solana in early 2026.
- OUSG will act as the lead anchor investor, strengthening its reserves and improving 24/7 liquidity for users.
- The launch follows a major regulatory win, as the SEC ended its investigation into Ondo with no charges.
Ondo Finance has announced a major new partnership with State Street Investment Management and Galaxy Asset Management to launch SWEEP, a private on-chain liquidity fund designed to bring traditional cash-management tools into the world of blockchain. The fund is planned to go live on Solana in early 2026.
SWEEP, short for the State Street Galaxy Onchain Liquidity Sweep Fund, aims to give investors a simple, real-time way to move money onchain, similar to how large companies manage cash in traditional markets. But this time, everything happens on blockchain rails, giving round-the-clock access, faster settlement, and better transparency.
OUSG to Start the New Fund
Ondo’s flagship product, OUSG, plans to act as the lead anchor investor in SWEEP. This means OUSG will be one of the first and largest investors in the fund, helping SWEEP get off the ground while also strengthening OUSG’s own reserves.
OUSG is already known for holding a wide mix of tokenized U.S. Treasury funds. It combines the 24/7 liquidity available across these funds and makes it accessible to OUSG holders. With the help of Ondo’s system called Nexus, even investors in third-party treasury products can access this pooled liquidity. By adding SWEEP to its reserves, OUSG will gain yet another high-quality asset. This supports one of OUSG’s biggest goals: offering fast, stable, always-available liquidity for investors around the world.
Since launching in 2023, OUSG has become one of the most popular products in this space. It now holds more than $770 million in total value locked and offers instant, 24/7 deposits and withdrawals, daily interest, low fees and support across Ethereum, Solana, Ripple, and Polygon.
When SWEEP launches, OUSG’s portfolio will span some of the most trusted asset managers globally, including:
- State Street’s SWEEP
- BlackRock’s BUIDL
- Fidelity’s FDIT
- Franklin Templeton’s BENJI
- WisdomTree’s WTGXX
- Wellington & FundBridge’s ULTRA
This shows how quickly traditional finance and blockchain are coming together, with Ondo playing a central role. Ondo President Ian De Bode said the partnership shows how “leaders in traditional finance and the onchain economy can work side by side to build a more open financial system.”
Regulatory Win Adds Momentum
This launch also comes at a positive moment for Ondo. Just three days earlier, the SEC closed a long-running, confidential investigation into Ondo’s securities products. The inquiry started in 2024 under the previous SEC leadership.
The SEC ended the probe without filing any charges, removing a major regulatory cloud from the company. According to an Ondo spokesperson, this signals that regulators are becoming more open to tokenization as a legitimate part of capital markets. The news was welcomed by the broader crypto community, especially as the new SEC Chairman Paul Atkins has repeatedly said tokenization could transform financial markets within a few years.
Integrations and Market Volatility
Ondo’s ecosystem has continued growing rapidly. As of December 2025, total assets across Ondo products reached $1.81 billion. Treasury-backed assets alone make up over $772 million, dollar-yield products reached $702 million and tokenized S&P 500 and Nasdaq-100 ETFs attracted nearly $46 million.
The company also expanded its tech infrastructure by partnering with Chainlink to allow safe transfers of assets across multiple blockchains. But despite these strong fundamentals, the ONDO token has faced pressure. It fell 6% in 24 hours and is down 30% over the past month, driven by weak market sentiment, a drop in trading activity, and a move by investors toward safer assets like Bitcoin. At the time of writing, ONDO is trading at around $0.4702.
Final Thoughts
Even with short-term price volatility, Ondo continues to strengthen its position as a bridge between traditional finance and the blockchain world. The upcoming launch of SWEEP on Solana, combined with the SEC clearing its investigation, sets the stage for faster adoption of tokenized assets.
As more institutions explore on-chain treasury funds, stable yield products, and cross-chain settlement, Ondo’s growing ecosystem may play a major role in how global finance evolves.
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