🚨 STATE STREET — SWEEP GOES LIVE ON STELLAR
🇺🇸 State Street Investment Management, which manages over $5 trillion in assets, has brought SWEEP to the Stellar network.
Announced on September 29, the tokenized private liquidity fund is now live on Stellar.
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Eligible investors can subscribe and redeem using supported stablecoins, 24 hours a day, seven days a week, subject to availability in the fund’s portfolio.
State Street provides investment management.
Galaxy powers tokenization.
Anchorage provides digital asset custody.
Chainlink supports fund pricing and reserve data.
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SWEEP launched on Solana in May.
Now, its expansion to Stellar is live.
Wall Street’s move onchain is becoming operational infrastructure.
Stellar is powering that shift.
$XLM
Your crypto, your legacy 🔐
Designate a beneficiary for your XRP, BTC, and HBAR directly inside Uphold Vault.
Keep full control of your keys while securing your assets for the long term.
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Vault is an assisted self-custody product. You hold two of three keys; loss of both your keys can result in permanent loss of assets. Subscription auto-renews. You can now appoint a beneficiary who will have no premature access. Asset transfer requires an approved claim. You can change or remove beneficiary at any time.
🚨STELLAR IS EVERYWHERE IN PANTERA’S NEW TOKENISATION REPORT!
In this one image we see DTCC’s planned @StellarOrg work. SWEEP, State Streets new fund on $XLM. Spiko who have integrated HUGE funds on $XLM, Franklin Templeton who's BENJI fund was built originally on Stellar!
Now Franklin’s Sandy Kaul says blockchain could be “pivotal” to the rise of AI agents.
$XLM is sitting right at the intersection of tokenisation + AI!
Something else that stands out in the self-custody section is the proposal’s apparent focus on bankruptcy protections.
It would require RIAs to have a written agreement with clients stating that crypto assets held in the adviser’s self-custody will be treated as financial assets under Article 8 of the Uniform Commercial Code. That may be intended to reduce the risk that clients lose their crypto if an adviser becomes insolvent — a concern the Clarity Act also tried to address.
🚨BOOOOOOOM💥💥💥💥💥
There are only 300,000 people ON THE PLANET who own more than 3,000 XRP tokens. 🚀🚀💎
If you’re among that group do you realize you’re apart of 0.0037% of the global population that holds that many XRP?!
🤯🔥#Crypto#XRP