Galaxy Digital and Sharplink signed a non-binding memorandum to form the Galaxy Sharplink Onchain Yield Fund, LP, a private vehicle receiving $125 million in commitments—$100 million from Sharplink’s staked Ethereum treasury and $25 million from Galaxy—planned to launch in coming weeks.

The fund will deploy capital across decentralized finance liquidity protocols and other onchain yield strategies, aiming to preserve Sharplink’s core Ethereum exposure while generating excess returns. Protocol selection, exposure sizing and ongoing monitoring will follow Galaxy’s institutional research and risk management framework.

This partnership leverages Galaxy’s track record of deploying hundreds of millions in onchain strategies since 2020 and reinforces its asset management presence. The collaboration positions Galaxy to capitalize on growing institutional demand for rigorously managed onchain yield products.