Galaxy Digital and Sharplink have launched a $125 million fund to deploy capital across onchain yield strategies and selected crypto investments. The fund, Galaxy Sharplink Onchain Yield Fund, has started with $125 million in committed capital, with Sharplink providing $100 million from its staked Ethereum treasury and Galaxy contributing another $25 million. Galaxy will manage the fund and oversee its investment strategy. The launch comes as companies with large crypto treasuries look beyond simply holding digital assets and explore ways to generate additional returns through onchain markets.
The fund will also invest in emerging crypto protocols and projects, providing capital to projects that need early liquidity and activity to grow. Galaxy CEO Mike Novogratz said the launch reflects a shift in institutional crypto adoption, with investors moving from passive ownership toward active participation in blockchain-based markets. The move highlights how ETH treasury strategies are evolving, with institutional holders increasingly looking at ways to deploy their assets across the broader onchain economy.
With $125 million committed at launch, the Galaxy-Sharplink fund could become an important test of whether large corporate crypto treasuries can generate additional returns through institutional DeFi strategies while maintaining tighter risk controls.
