Galaxy Digital Inc. (NASDAQ: GLXY) and Sharplink Inc. (NASDAQ: SBET) have entered into a non-binding memorandum of understanding to establish a specialized investment vehicle. The proposed partnership centers on the creation of the Galaxy Sharplink Onchain Yield Fund, a limited partnership that will channel resources into decentralized finance liquidity pools and other blockchain-driven strategies designed to generate returns.
Under the terms of the preliminary agreement, which remains subject to final legal documentation, the fund is expected to begin operations in the coming weeks.
It has secured $125 million in total commitments. Sharplink will contribute the bulk of the capital—$100 million drawn directly from its existing staked Ethereum treasury—while Galaxy will provide the remaining $25 million.
Galaxy Digital will assume full responsibility as the fund’s investment manager, leveraging its established expertise in protocol evaluation, position sizing, and continuous risk oversight.
The initiative represents a strategic evolution for corporate digital asset treasuries.
Rather than relying solely on passive staking rewards, Sharplink aims to deploy a portion of its holdings into more dynamic onchain opportunities.
This approach seeks to preserve the company’s core Ethereum exposure while generating supplemental yields through carefully selected applications in the decentralized finance ecosystem.
Galaxy’s track record of deploying substantial capital across blockchain markets since 2020 underpins the fund’s disciplined framework, applying the same institutional-grade standards used in its broader trading, lending, and asset management activities.
Industry professionals view the collaboration as a milestone in bridging traditional public-company balance sheets with maturing onchain infrastructure.
By combining Sharplink’s large-scale Ethereum holdings with Galaxy’s operational depth, the fund is positioned to pursue higher-yielding strategies—such as liquidity provision and lending—while maintaining rigorous controls to mitigate typical decentralized finance risks.
Galaxy Digital Founder and CEO Mike Novogratz highlighted the timing of the move, noting that institutional participants now have access to onchain tools offering yield, liquidity, and risk management comparable to conventional markets.
He emphasized Sharplink’s position as one of the leading public Ethereum treasury operators and expressed enthusiasm for helping activate that capital productively.
Sharplink CEO Joseph Chalom echoed this sentiment, describing the fund as a direct extension of the company’s commitment to maximizing the productivity of its ETH holdings under strict risk protocols.
He framed the partnership as an opportunity to compound treasury value and support the broader growth of onchain financial systems.
Chief Investment Officer Matthew Sheffield added that the structure aligns with Sharplink’s preference for active allocation that delivers excess returns to shareholders while continuing to back promising ecosystem projects.
Galaxy Digital operates as a global provider of digital asset services, including trading, staking, and asset management, alongside data center infrastructure for artificial intelligence workloads.
Sharplink functions as an institutional Ethereum treasury platform that offers public-market investors enhanced exposure to ETH, supplemented by an affiliate marketing operation.
This agreement underscores growing confidence among listed companies in deploying treasury capital into decentralized protocols with professional oversight. While the memorandum remains non-binding pending final terms, the announcement signals continued momentum in the integration of traditional finance and blockchain technology based platforms.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!