Galaxy and Sharplink Jointly Launch $125 Million On-Chain Yield Fund

Odaily News Galaxy Digital and Sharplink have announced the joint launch of the Galaxy Sharplink Onchain Yield Fund. The fund is managed by Galaxy and has secured $125 million in committed capital at launch. Among this, Sharplink provides $100 million in staked ETH treasury backing, while Galaxy contributes $25 million.

Galaxy CEO Mike Novogratz stated, "We are entering a new phase of institutional adoption, with capital shifting from passive holding to active participation in blockchain-based markets." Sharplink CEO Joseph Chalom added that the fund represents part of the strategic upgrade of its ETH treasury management.