Stellar Lumens XLM And An Institution That Enables 11.5% of *ALL* Financial Assets.... BIG NEWS

本站添加: 2026-05-12

[00:00:00]Welcome back, ladies and gentlemen.

[00:00:02]Robert here and today we're going to be talking about how one of the world's largest financial institutions, State Street, has just confirmed going live with an investment product on chain and they're leveraging the likes of Chainlink and XLM, Salana, and Ethereum, which happen to be some of our favorite DLTs. The future of financial instruments is on chain and that avalanche has only just started to happen. Now, State Street, for those people that aren't familiar, deal with about 11.5% of the world's financial assets. They flow through their doors every single day. So, this is a big deal. this is in line with all of the other major financial institutions and the fact they're choosing some of the DTS that we talk about on a daily basis is really confirming and there's a great opportunity here in regards to uh where tokenization is at and where it's going and this is just another kind of um confirming factor in regards to the reality that we are moving towards.

[00:01:10]Let's not waste any time and get straight into it. This is from chain link live. State street, a global asset manager with 5 trillion plus aum assets under management and galaxy have launched sweep a tokenized liquidity fund powered by chainlink through nav data and CCIP. Chainlink is enabling regulated yieldbearing liquidity in 247 digital markets. Now chainlink is acting as uh a number of things. One is crosschain interropability or the apparatus for that the runtime that that's taking place in and that's between chains such as XLM which we're going to look at Ethereum and uh of course uh Salana. Let's get into the official announcement. State Street Investment Management and Galaxy Digital bring cash management on chain.

[00:02:01]State Street Galaxy onchain liquidity sweep fund launches.

[00:02:08]It says today's announcement or today announced the launch of State Street Galaxy onchain liquidity suite fund a tokenized private liquidity fund designed to enable 247 onchain cast management via stablecoin subject to availability of stable coin in the funds portfolio. Now one of the stable coins that they're integrating really has heavy links to XLM which we'll talk about in just a second. The launch presents a milestone in State Street's digital strategy to offer investment solutions on chain support 247 programmatic trading and liquidity for cash management. Building on its legacy as an innovator, State Street continues to invest in foundational digital asset capabilities across investment management and custody, offering cuttingedge onchain investment solutions to DeFi native clients, as well as acting as the bridge to traditional institutional clients looking to move onchain. Sweep is powered by Galaxy Digital's infrastructure which provides the tokenization technology and digital infrastructure support or supporting the issuance and management of sweep tokens. The fund is built to allow stable coin holders to sweep their stable coin into a yieldbearing asset. So we know there's been a bit of a interesting situation in regards to the Clarity Act and there's been a hold up as a result of yield on stable coins. Well, this is kind of how institutions are getting around it. Um, sweep launches on the Salana blockchain with additional in integration or blockchain integration planned, including Stellar and Ethereum.

[00:03:46]Anchorage serves as the fund's digital custodium for stable coin investments.

[00:03:52]Nav consulting services as transfer agent and galaxy is leveraging chain links nav link to publish the funds daily nav on chain and chain link CCIP for secure crosschain interoperability.

[00:04:06]State street bank and trust company serve as the funds custodium for securities holdings announced in December 2025. Sweep allows investors to use PayPal's USD, PYUSD, stable coin for subscription and redemption subject to portfolio availability and is available to qualified purchases that meet certain eligibility criteria and minimum investment amount. So, so really this isn't available for your everyday individual. This is more available for your institutional clients. And remember, State Street, we'll get on to it in just a second, are a big deal in the financial world. And the fact they're doing this is really a signal of the broader shift happening. PYUSD, we've spoken about the Stellar and PayPal uh connections. I mean, uh Stella for me is a clear destination for for a lot of this. State Street has played a leading role in market innovation for decades from servicing mutual funds to launching ETFs and we're proud to continue that role as digital assets reshape market infrastructure said the president and chief executive officer of State Street Investment Management. This fund allows us to bring the TRDFI landscape on chain in a resilient way guided by our longstanding focus of innovation, risk management, and clients outcome. For years, we've argued that traditional finance and crypto would converge on the same rails.

[00:05:34]Mike Novagrat, the founder and CEO of Galaxy. We believe Sweep is what that looks like in practice with a fund managed by an experienced cash manager being available for investors on chain on infrastructure Galaxy built for institutions. Sweep expands and deepen State Street's investment management relationship with Galaxy. In September 2024, State Street Management launched three actively managed ETFs subadvised by Galaxy that are focused on digital asset and disruptive technologies. We've looked at those previously. Pretty big.

[00:06:08]It talks about State Street being a $5 trillion company. Clients in over 60 countries, so on and so forth. A little bit about State Street. Meet our company. This is an interesting fact. Again, showing you the kind of usage we're going to be seeing for these DTS in the future.

[00:06:24]We're a global leader across investment servicing, market and financing, and investment management. With 11.5% of the world's financial assets flowing through our doors every day, we are a trusted partner in institutional or to institutional investors and a vital part of the global economy, which means that these DTS are going to be also and they've chosen, you know, some of the DTS we talk about on a daily um basis.

[00:06:52]We've got a clip now um from State Street actually talking uh more broadly about this fund. Let's get into that.

[00:07:01]>> Today we were very proud to announce the launch of Sweep which is our new tokenized onchain liquidity fund. Um we launched it in partnership with Galaxy.

[00:07:11]So State Street is the investment manager, the issuer and Galaxy is the placement agent and tokenization agent.

[00:07:18]And why is this important? Well, we have been managing cash since 1970. We have half a trillion dollars worth of cash under management at State Street.

[00:07:28]That's all in the traditional world.

[00:07:30]Cash is an asset class that is highly valued by investors. Suffice to say, all our investors are institutional traditional investors that value the risk management, the discipline, and the investment expertise that State Street can bring to their liquidity management.

[00:07:45]But that all happens offchain. And what was so exciting for us is to be able to bring those capabilities onchain with a partner like Galaxy who has the expertise in the DeFi space with DT technology and that opens the door for us to a brand new set of investors that are looking for liquidity management capabilities on chain.

[00:08:05]>> Good clip there. Again, this is more highlighting the broader um innovation and change that is sort of underway.

[00:08:12]Good article here from uh CoinDesk.

[00:08:15]State Street and Galaxy launched tokenized fund to bring cash management on chain. Obviously talks about what the fund is looking to do. State Street Investment Management, Galaxy Digital.

[00:08:24]We we we've looked at this onto blockchain networks. More about what they're trying to do. Then it talks about the market more broadly. Black Rockck's involvement. It says other firms including Franklin Templeton and now State Street with Sweep are building similar products each experimenting with different blockchains and investor asset models. Sweep launches on Salana blockchain with plans to expand to Ethereum and Stellar. Uh this is the kind of schematic of what's happening here under the hood. State Street Galaxy onchain liquidity sweep fund and you can see how this works where chain link plays a role which is probably one of the biggest enablers of DTS period.

[00:09:02]um you can see what's going on here in the kind of DT world that they're accessing. Dela for me I think is a very clear choice in regards to all this.

[00:09:09]Let's look at State Street CEO and what she has to say uh more broadly about what State Street are doing and how they're investing.

[00:09:19]>> I think in many respects we're still early innings. These are questions that we get from our clients all the time like winners and losers with blockchain with AI with quantum computing and frankly I don't know if we have all the answers but what I think is exciting from an investment perspective is the ability to take advantage of these greater macro themes um and to ensure that there's that allocation because we know these spaces are really they have the potential to to disrupt uh exactly what the outcome is I think is still to be played out.

[00:09:52]>> Will we see more deals like you did with Apollo? Is that like a blueprint of of things to come?

[00:09:57]>> Uh we're very much oriented around partnership. I would say if there's one theme that runs through stay street, it is that um we know what we're really good at and ETFs is a big part of our business and so partnering with other what we consider best-in-class farms to bring their capabilities to market.

[00:10:16]Apollo, Blackstoneone, Bridgewater, all of those are partners. So I think the answer is yes.

[00:10:21]>> I think the next kind of stones to throw really in regards to investment is actually directly into the digital assets because you're going to need those digital assets to perform these operations. Um they are the kind of digital commodities to this world. Last little thing from State Street in regards to what they've previously done.

[00:10:36]State Street today announced the launch digital asset platform. a secure scalable infrastructure for tokenized asset. Strategically positioned State Street to bridge between traditional um and digital finance and the connection point uh between digital asset platforms for its clients. The foundational build the foundational build is critical in enabling state's digital ambitions to develop core products for its clients including tokenized money market funds, ETFs, tokenized assets and cash products including tokenized deposits. Now this is from the 15th of January this year.

[00:11:13]Looks like they are uh heading towards that and certainly starting to do that.

[00:11:17]Uh, and it's great to see Stella get a mention in regards to this and be one of the DTS that's looking to enable one of the largest financial institutions.

[00:11:23]Again, 11.5% of financial assets flow through this firm on a daily basis.

[00:11:30]They are going to leverage Stellar. Of course, there's other blockchains as well. It's not going to be one chain to move them all, but we consistently see Stella mentioned. That's it from me. I'm going to love and leave you and of course, Chainlink. Um, see you all in the next