The two companies entered into a non-binding agreement to launch a $125 million initiative that seeks to put Sharplink’s ETH treasury to work. The company stated that the funds will be deployed across onchain liquidity strategies and in support of early-stage protocols.
Decentralized finance has shifted from a retail-based, low liquidity niche sector to an industry that can be leveraged by institutional investors to diversify their treasury management.
Galaxy Digital and Sharplink, one of the largest Ethereum treasury platforms, announced a non-binding agreement to launch an institutional onchain yield fund to deploy capital across DeFi and onchain yield-generating protocols.
Galaxy, that will manage the fund, will contribute $25 million, while Sharplink will allocate $100 million in commitments towards the initiative. The fund is part of Sharplink’s actions to put its treasury to work, as it recently stressed that it is always looking for the best ways to earn yield on its permanent capital.
While details are still scant, Sharplink specified that these funds will be allocated with a long-term alignment in mind and leveraging “onchain opportunities generating risk-managed, ETH-denominated yield,” hinting at a broader commitment to the Ethereum ecosystem.
