Galaxy Digital to manage Sharplink's $125M onchain yield fund

Galaxy Digital (GLXY) has partnered with Sharplink (SBET) to launch a $125 million onchain yield fund, with Galaxy managing the investment strategy.

The Galaxy Sharplink Onchain Yield Fund will receive $100 million from Sharplink's staked ETH treasury and $25 million from Galaxy. The fund aims to deploy capital across DeFi liquidity protocols and other onchain yield strategies, while keeping Sharplink's core ETH exposure intact. The investment is expected to commence in the coming weeks under a non-binding memorandum of understanding.

For crypto traders, this structure represents a growing trend of companies seeking to generate additional yield on their digital asset holdings without selling their core positions. By using staked ETH as collateral for DeFi strategies, Sharplink can earn extra returns while maintaining exposure to potential ETH price appreciation. This approach could influence how other corporate treasuries manage their crypto allocations, potentially increasing demand for DeFi protocols and staking services. For real-time pricing on ETH and related assets, check NowPrice's live crypto quotes.

The fund's launch comes amid increasing institutional interest in DeFi yield strategies. Market participants will watch how the fund's performance compares to traditional staking yields and whether similar structures emerge from other crypto-native companies. The non-binding nature of the agreement means final terms could still evolve, but the partnership signals continued innovation in corporate crypto treasury management.