Galaxy Digital Inc. And Sharplink Inc. Form Institutional Onchain Yield Fund With $125 Million In Commitments

Published: 2026-05-11 14:20:44 ET GLXY

Published on 05/11/2026 at 02:20 pm EDT

Galaxy Digital Inc. and Sharplink Inc. announced their entry into a non-binding memorandum of understanding, subject to definitive documentation, regarding the formation of the Galaxy Sharplink Onchain Yield Fund, LP, a private investment vehicle that will deploy capital across decentralized finance liquidity protocols and other onchain yield-generating strategies. Galaxy will serve as investment manager. The Fund, planned to launch in the coming weeks, will receive commitments totaling $125 million, consisting of $100 million from Sharplink's staked Ethereum treasury and $25 million from Galaxy.

The Fund will pursue a strategy designed to capture high-yielding opportunities in blockchain-based financial markets by allocating to promising applications. The structure is built to allow Sharplink to preserve its core Ethereum exposure while putting balance-sheet capital to productive use -- extending the role of digital asset treasuries beyond passive holding and into actively managed onchain strategies. Protocol selection, exposure sizing, and ongoing monitoring are governed by Galaxy's institutional research and risk management framework -- the same discipline applied across the firm's lending, trading, and asset management businesses, and a defining feature of how Galaxy has operated onchain across multiple market cycles.

Galaxy has been actively deploying hundreds of millions of dollars of capital onchain since 2020 and is among the largest publicly traded companies actively allocating to onchain strategies today.