Galaxy Digital Inc. and Sharplink, Inc. have jointly launched the Galaxy Sharplink Onchain Yield Fund, LP, an institutional investment vehicle designed to deploy capital into decentralized finance and onchain yield strategies. The fund launched with $125 million in committed capital, comprised of $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy, with Galaxy serving as the fund manager.
- Total Capital Committed: $125 million
- Sharplink Contribution: $100 million (staked ETH treasury)
- Galaxy Contribution: $25 million
- Fund Manager: Galaxy Digital Inc.
The launch represents a shift in corporate treasury management, moving beyond passive asset accumulation to active participation in blockchain-based markets. Mike Novogratz, Founder and CEO of Galaxy, stated that the fund reflects institutional adoption by pairing Sharplink’s ETH treasury with Galaxy’s investment platform to access opportunities across the onchain economy. Joseph Chalom, CEO of Sharplink, characterized the initiative as a disciplined allocation designed to make ETH more productive while maintaining institutional-grade risk management.
Mike Novogratz, Founder and CEO of Galaxy. Source: LinkedIn
Joseph Chalom, CEO of Sharplink. Source: LinkedIn
Galaxy has deployed significant capital across digital asset markets since 2020, leveraging proprietary research and comprehensive risk controls. The fund addresses what Sharplink’s Chief Investment Officer Matthew Sheffield identified as a “cold-start problem” for emerging crypto protocols, where venture capital typically purchases tokens or equity rather than driving actual protocol activity. The fund aims to fill that operational gap while generating risk-managed returns for investors.
Matthew Sheffield, CIO at Sharplink. Source: LinkedIn
Galaxy Digital Inc. (Nasdaq: GLXY) provides institutional access to trading, advisory, asset management, and staking services, alongside data center infrastructure operations. Sharplink (Nasdaq: SBET) operates as an institutional-grade Ethereum treasury platform for public market investors seeking productive ETH exposure.
