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State Street (STT) and Galaxy Launch Tokenized Liquidity Sweep Fund

finance.yahoo.com · Thu, May 7, 2026 at 9:59 PM GMT+8

State Street Corporation (NYSE:STT) is one of the

10 All-Time High But Still Undervalued Stocks to Invest In.

On May 6, 2026, State Street Corporation (NYSE:STT) and Galaxy Asset Management launched the State Street Galaxy Onchain Liquidity Sweep Fund, a tokenized private liquidity fund. State Street Investment Management CEO Yie-Hsin Hung said the launch continues the firm’s role in financial market innovation as digital assets reshape market infrastructure, adding that the fund brings the “TradFi landscape onchain” with a focus on innovation, risk management, and client outcomes.

On April 28, 2026, State Street Corporation (NYSE:STT) said it plans to introduce a tokenized fund servicing capability from Luxembourg by the end of 2026 through State Street Investment Services. The offering will extend existing fund administration, custody, and transfer agency services to support digitally native fund structures alongside traditional funds.

Earlier, on April 21, 2026, Argus raised its price target on State Street to $168 from $140 and maintained a Buy rating after the company’s Q1 earnings beat and higher 2026 fee revenue growth outlook, citing long-term benefits from outsourcing trends and the State Street Alpha platform.

On April 17, 2026, State Street Corporation (NYSE:STT) reported Q1 adjusted EPS of $2.84 versus $2.64 consensus and revenue of $3.8B compared to $3.69B expected. The company said results reflected “a strong start to 2026,” supported by operational execution and its diversified business model.

State Street Corporation (NYSE:STT) provides financial products and services to institutional investors, including custody, fund administration, analytics, trading, and investment servicing solutions.

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