- Ondo Finance (ONDO) price moves toward $0.51–$0.52 following the SWEEP fund blockchain announcement.
- Ondo Finance partners with State Street and Galaxy to launch a tokenized liquidity fund.
- OUSG serves as SWEEP’s foundation, providing 24/7 liquidity and institutional asset access.
Ondo Finance partners with prominent asset managers to introduce SWEEP, a tokenized liquidity fund. With OUSG as a foundation, it offers 24/7 liquidity access and institutional assets, which enhance Ondo Finance’s traditional finance and blockchain bridge.
Ondo Finance Launches SWEEP Fund Blockchain
Ondo Finance recently announced a major collaboration with State Street Investment Management and Galaxy Asset Management to introduce SWEEP, a private blockchain-based tokenized liquidity fund, which aims to move traditional cash management to blockchain.
The fund begins with OUSG, which represents Ondo Finance’s flagship tokenized fund. OUSG will serve as the major investing entity in SWEEP as it looks to diversify its reserves and offer 24/7 liquidity support to its investors.
They specialize in various institutional tokenized U.S. Treasury investments, which aggregate their funds from various sources that are then available to OUSG investors and other third-party funds through Ondo Nexus.
SWEEP launches on the Solana blockchain in early 2026 as a part of Ondo Finance’s tokenization of real-world assets. OUSG, with $770M locked in, provides 24/7 subscription services, daily interest, low fees, and multi-chain support.
The SWEEP investment of OUSG will involve prominent funds like State Street, BlackRock, and Fidelity. Ondo Finance looks forward to working with all of these partners.
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ONDO Price Approaches Support Rebound Expected
Meanwhile, a well-known crypto analyst, CryptoPulse, noted that ONDO is near a range, close to the $0.44-$0.45 support zone. A potential reversal towards $0.51-$0.52 seems likely in that case.
At the time of writing, ONDO is trading at $0.4691, experiencing a 5.35% decline in the last 24 hours. The cryptocurrency has a 24-hour trading volume of $175.51 million and a market capitalization of $1.48 billion.
The latest developments in ONDO underscore how traditional finance and blockchain technology are intersecting, with tokenized assets appearing as a conduit for institutional investment in decentralized markets.
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