ChainCatcher report: Nasdaq-listed company Sharplink, Inc. (ticker: SBET) and Galaxy Digital Inc. (ticker: GLXY) jointly announced the launch of the Galaxy Sharplink Onchain Yield Fund, LP. This institutional-grade fund, managed by Galaxy, has an initial committed capital of $125 million, with $100 million coming from Sharplink’s staked ETH treasury and $25 million from Galaxy. The fund will deploy capital into decentralized finance and onchain yield strategies, marking a new model in which corporate treasuries transition from passive holding to active participation in onchain markets. Galaxy stated that this initiative expands its asset management platform to include institutional-grade onchain strategies.
Sharplink and Galaxy Launch a $125M Onchain Yield Fund
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Summary
Sharplink and Galaxy Digital announced the Galaxy Sharplink Onchain Yield Fund, a $125 million institutional fund focused on onchain yield strategies. Sharplink contributed $100 million from its staked ETH treasury, with Galaxy adding $25 million. The fund represents a shift toward active onchain participation by corporate treasuries. Galaxy stated that the move expands its asset management platform into institutional onchain strategies. This token launch underscores growing institutional adoption in the crypto space.
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