Gotta share some news—State Street has teamed up with Galaxy to plan a tokenized money market fund on the Solana chain by 2026.
This is actually pretty interesting. Wall Street veterans who manage money are starting to bring traditional financial products onto the blockchain. To put it simply: those stable USD funds that you previously could only buy through banks or brokerages will soon be accessible directly via crypto wallets.
The most straightforward way to understand this? Imagine a US version of Yu'ebao, but running on the blockchain—you can buy it with USDT. It combines the regulatory backing of traditional finance with the convenience of on-chain operations—no account opening, no waiting for settlement cycles, and participation from anywhere in the world.
For the Solana ecosystem, this is a high-value application scenario. Traditional financial giants choosing to test the waters on this chain is, in a way, a vote for the chain's performance and compliance capabilities.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
SwapWhisperer
· 12-13 22:31
Daiwa's move this time really gave the SOL ecosystem a shot in the arm. Wall Street money is finally starting to flow onto the chain, and this time it feels different.
View OriginalReply0
WenAirdrop
· 12-13 00:17
Daiwa is involved with Solana? Wow, Wall Street is really getting serious now.
View OriginalReply0
AmateurDAOWatcher
· 12-11 06:48
Daiwa's move is really aggressive; Wall Street has officially entered the crypto space. Solana is about to take off, isn't it?
View OriginalReply0
WinterWarmthCat
· 12-11 06:44
Does this old brand, State Street, also start playing Solana? Wall Street is finally getting serious.
View OriginalReply0
ContractExplorer
· 12-11 06:42
Daiwa's move this time is really impressive; Wall Street is finally taking on-chain finance seriously. Solana is about to explode.
View OriginalReply0
IronHeadMiner
· 12-11 06:27
Daiwa's recent move is indeed a signal; Wall Street is starting to take on-chain assets seriously.
Gotta share some news—State Street has teamed up with Galaxy to plan a tokenized money market fund on the Solana chain by 2026.
This is actually pretty interesting. Wall Street veterans who manage money are starting to bring traditional financial products onto the blockchain. To put it simply: those stable USD funds that you previously could only buy through banks or brokerages will soon be accessible directly via crypto wallets.
The most straightforward way to understand this? Imagine a US version of Yu'ebao, but running on the blockchain—you can buy it with USDT. It combines the regulatory backing of traditional finance with the convenience of on-chain operations—no account opening, no waiting for settlement cycles, and participation from anywhere in the world.
For the Solana ecosystem, this is a high-value application scenario. Traditional financial giants choosing to test the waters on this chain is, in a way, a vote for the chain's performance and compliance capabilities.