Bullish
Sharplink and Galaxy Launch $125M On-Chain Yield Fund
2026-08-08 08:21
Sharplink and Galaxy Digital launch $125M fund, deploying $100M in ETH reserves into DeFi strategies, marking a shift from passive corporate treasury holding to active on-chain participation.
Woofun AI reports that Nasdaq-listed Sharplink, Inc. (SBET) and Galaxy Digital Inc. (GLXY) have established the Galaxy Sharplink Onchain Yield Fund, LP. The institutional-grade vehicle holds an initial committed capital of $125 million, comprising $100 million from Sharplink's staking ETH reserves and $25 million from Galaxy. Managed by Galaxy, the fund will allocate assets into decentralized finance and on-chain yield strategies. Galaxy stated that this initiative expands its asset management platform to incorporate institutional-level on-chain strategies.
WOOFUN AI
Impact Assessment · Quick Read
This collaboration signals a strategic pivot for corporate treasuries, moving from passive asset holding to active yield generation via DeFi. By deploying $100 million in staked ETH, Sharplink demonstrates confidence in on-chain infrastructure, potentially encouraging other public companies to adopt similar treasury management strategies. Galaxy’s involvement reinforces its position as a key bridge between traditional finance and institutional crypto adoption.
Generated by WOOFUN AI · For reference only, not investment advice
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