**Brothers, this news is too low-key, but its weight is extremely terrifying—**
**It directly declares:**
**Traditional asset management giant (State Street)**
**Crypto asset management giant (Galaxy)**
**RWA leader (Ondo)**
**To establish an 'on-chain cash management system' on Solana.**
**The plan is called: SWEEP.**
**If you don't understand what this means, let me tell you:**
**This is the starting point for money market funds (MMF) on-chain.**
**It is also the first step for the 'on-chain version of Yu'e Bao' to enter the Wall Street system.**
**First, let's look at the main character: Who is State Street? It is 'one of the top three global custodial banks.'**
This is not a small bank.
State Street is:
One of the largest asset custodians in the world
Management and custody scale exceeds 40 trillion dollars
Core infrastructure of the global fund industry
Key pillar of the ETF industry (SPDR is from this family)
Today it united with Ondo, marking a historic event:
Core brain of traditional financial custody
For the first time, it acknowledges the legitimacy and feasibility of on-chain asset management.
Two, what is SWEEP? In one sentence: on-chain cash management pool + RWA treasury pool + institutional liquidity network
The official description is very professional; let me translate it into layman's terms:
**SWEEP = On-chain funds can automatically enter asset management portfolios
→ The portfolio is mainly composed of US treasuries
→ Redeemable at any time
→ High liquidity
→ Low risk
→ Custody compliance
→ Three major financial institutions jointly endorse**
What is this?
It is the most important product in traditional finance:
Money Market Fund (MMF, cash management fund).
But this time it is issued on-chain
On Solana
Launch in 2026
Handled by the Ondo system.
This is the first true arrival of 'financial internetization'.
Three, OUSG will become the anchor investor of SWEEP, meaning the 'main reserve pool' for RWA is being established
OUSG is Ondo's most successful RWA product:
Based on tokenized US treasuries as underlying assets
Provides stable returns
Providing institutions with on-chain cash management capabilities
Has become one of the largest TVL products in the RWA space
Now that SWEEP is online:
**OUSG is not just a treasury pool
It will become the reserve pool of the entire Solana chain's 'liquidity hub'.**
Like:
Bank reserves
Central bank's currency pool
Anchor position of ETF
Underlying assets of MMF
This structure is significant:
→ RWA begins to build its own 'on-chain financial system'
→ Build an on-chain version of the 'bank reserve system'
→ Forming atomic components of the money market
Four, why choose Solana? This is the biggest signal of consistency in institutional actions over the past two weeks
Past 48 hours:
JPMorgan issues 50 million bonds on Solana
Circle is conducting enterprise-level USDC settlements on Solana
JupUSD (Solana native stablecoin) will launch next week
Jupiter converts 750 million USDC into JupUSD
Multiple whales are increasing positions on SOL
Breakpoint conference continuously releases financial-grade functions
What did you discover?
Solana is becoming the default chain for global RWA and institutional finance.
This time SWEEP chose Solana, which indicates:
Performance meets standards
Stability meets standards
Cost model meets standards
Financial-grade compliance and control
USDC in Solana is the most mature form
RWA has the best liquidity on Solana
Institutions are willing to lay out long-term products here
This is a signal of certainty for the big cycle of Solana.
Five, why is the SWEEP plan issued in 2026? Because US regulation will be fully implemented in 2025
Significant events happening over several days:
DTCC is authorized for on-chain custody of US stocks and bonds
CFTC revokes old rules and prepares to rewrite crypto spot regulation
Bipartisan push for a comprehensive crypto bill
CEOs of major US banks hold hearings with the Senate
OCC releases risk-free transactions for bank encryption
Prediction markets and tokenized stocks are about to launch
US regulation is forming the most complete framework:
**2024–2025: Legislation, framework building
2026: Traditional finance fully on-chain
2026–2030: RWA explosive growth cycle**
The timing of SWEEP is very precise:
It is not 'cannot be issued now',
But it will wait for 'regulatory maturity → banks entering the market → on-chain financial compliance'.
Six, my conclusion
Brothers, this news is actually saying something shocking:
The 'cash management system' of traditional finance will be moved on-chain.
My judgment is very clear:
1) RWA is no longer an incremental trend, but a 'financial infrastructure-level' revolution
2) Solana will become the main settlement layer for on-chain liquidity and cash management systems
3) OUSG will become the 'reserve asset' linking TradFi and on-chain asset management
4) Ondo will evolve into 'on-chain version of BlackRock + money fund issuer'
5) The first global 'on-chain money market funds' will appear in 2026
6) Once scaled, this type of product will attract hundreds of billions or even trillions in funds
In one sentence:
SWEEP is the prototype of 'central bank-level products' in on-chain finance.
This is the most critical step in bringing the financial system on-chain.
💬
Brothers:
Which do you think will ultimately become the main battlefield for RWA: Solana, ETH, or other chains? $ETH
