Galaxy Digital to Manage Sharplink’s $125 Million Onchain Yield Fund
Galaxy Digital and Sharplink have announced a strategic partnership to launch the Galaxy Sharplink Onchain Yield Fund, a new investment vehicle totaling $125 million. Under this agreement, Sharplink will contribute $100 million from its staked Ethereum (ETH) treasury, while Galaxy Digital will invest $25 million. The primary objective of this collaboration is to deploy capital across various decentralized finance (DeFi) liquidity protocols and onchain yield strategies. This initiative allows Sharplink to generate additional yield from its crypto holdings while maintaining its core exposure to Ethereum. Galaxy Digital will serve as the fund manager, leveraging its expertise in digital asset management to optimize returns. This move highlights the growing integration of traditional financial management structures with decentralized finance mechanisms, as corporate treasuries seek more sophisticated ways to utilize their digital asset reserves. The partnership underscores the increasing institutional interest in DeFi yield generation and the role of specialized firms like Galaxy Digital in facilitating these complex onchain financial activities for corporate entities.
Wire timeline
Galaxy Digital to Manage Sharplink’s $125 Million Onchain Yield Fund
Galaxy Digital and Sharplink have announced a strategic partnership to launch the Galaxy Sharplink Onchain Yield Fund, a new investment vehicle totaling $125 million. Under this agreement, Sharplink will contribute $100 million from its staked Ethereum (ETH) treasury, while Galaxy Digital will invest $25 million. The primary objective of this collaboration is to deploy capital across various decentralized finance (DeFi) liquidity protocols and onchain yield strategies. This initiative allows Sharplink to generate additional yield from its crypto holdings while maintaining its core exposure to Ethereum. Galaxy Digital will serve as the fund manager, leveraging its expertise in digital asset management to optimize returns. This move highlights the growing integration of traditional financial management structures with decentralized finance mechanisms, as corporate treasuries seek more sophisticated ways to utilize their digital asset reserves. The partnership underscores the increasing institutional interest in DeFi yield generation and the role of specialized firms like Galaxy Digital in facilitating these complex onchain financial activities for corporate entities.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data