Galaxy Digital and Sharplink Launch $125 Million Onchain Yield Fund
- Sharplink is investing $100 million from its staked ETH treasury into the fund.
- Galaxy Digital will contribute an additional $25 million and manage the investment strategy.
- The fund aims to deploy capital across DeFi liquidity protocols and onchain yield strategies.
- Sharplink currently holds a total of 872,984 ETH, having generated over 18,800 ETH in staking rewards since June.
- The new allocation represents a strategic shift in Sharplink’s treasury model while maintaining core ETH exposure.
The Galaxy Sharplink Onchain Yield Fund is set to start operations soon under a non-binding memorandum of understanding, indicating a growing trend towards institutional investment in DeFi strategies within the cryptocurrency space.
This initiative marks a significant move for Sharplink as it allocates $100 million from its treasury, reflecting a notable shift in their financial strategy.(Source)
