Galaxy Digital and Sharplink Launch $125 Million DeFi Fund for Institutional Investors
- Galaxy Digital and Sharplink have formed a $125 million fund to integrate DeFi into institutional treasuries.
- Sharplink holds over 870K ETH, demonstrating large firms’ ability to access onchain market yields safely.
- The fund will be managed by Galaxy, with Sharplink contributing $100 million and Galaxy adding $25 million.
- Sharplink aims to generate risk-managed, ETH-denominated yields, aligning with its long-term strategy.
- Mike Novogratz of Galaxy emphasizes the maturity of infrastructure supporting institutional capital moving onchain.
This collaboration between Galaxy Digital and Sharplink marks a significant step in integrating decentralized finance into institutional treasury management, highlighting the evolving capabilities of the DeFi sector for larger financial players.
The establishment of this $125 million fund underscores the growing interest in leveraging onchain opportunities to generate stable returns within institutional portfolios, as evidenced by Sharplink’s substantial Ethereum holdings and strategic yield generation efforts. (Source)
