TLDR
- Galaxy Digital will manage a $125 million onchain yield fund backed by staked ETH from Sharplink.
- Sharplink will allocate $100 million from its ETH treasury while Galaxy Digital will contribute $25 million.
- The fund will deploy capital across DeFi liquidity protocols and other onchain yield strategies.
- Sharplink currently holds 872,984 ETH and has generated 18,800 ETH in staking rewards since June 2025.
- The agreement operates under a non-binding memorandum of understanding and is expected to commence in the coming weeks.
Galaxy Digital and Sharplink agreed to launch a $125 million onchain yield fund using staked ETH. The fund will deploy $100 million from Sharplink and $25 million from Galaxy Digital. The companies expect to begin the strategy in the coming weeks under a non-binding memorandum of understanding.
Galaxy Digital to Oversee Sharplink’s ETH Deployment
Galaxy Digital will manage the Galaxy Sharplink Onchain Yield Fund under the proposed agreement. The structure assigns $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy Digital. The firms said the memorandum of understanding remains non-binding, and they expect operations to start soon.
The strategy will deploy capital across decentralized finance liquidity protocols and other onchain yield platforms. Galaxy Digital will execute allocations while Sharplink maintains ownership of its core ETH holdings. The companies said the framework preserves base exposure and introduces an active yield layer.
Sharplink confirmed it will commit part of its existing ether reserves to the fund. The company stated that the allocation amounts to about 43,000 ETH at current market prices. However, Sharplink will keep the majority of its 872,984 ETH treasury outside the strategy.
The firms structured the fund to generate additional returns on already staked assets. Galaxy Digital will oversee liquidity positions and manage risk parameters within DeFi protocols. The companies said the approach aligns with Sharplink’s treasury objectives.
Sharplink Expands Ether Treasury Strategy with Galaxy Digital
Sharplink disclosed that it has accumulated 872,984 ETH according to its first-quarter results. The company launched its ether treasury strategy in June 2025 and continues to expand it. Since its inception, Sharplink has generated 18,800 ETH in staking rewards.
The company said the new allocation represents a small portion of its total ETH reserves. However, it described the move as a shift in how it manages treasury assets. The firm will combine staking rewards with DeFi-based yield strategies under Galaxy Digital’s management.
Sharplink said the fund structure protects its underlying ETH position. The company will continue staking activities while deploying a portion of the funds into external liquidity protocols. Galaxy Digital will handle the execution and monitoring of the deployed capital.
The companies confirmed that the investment will roll out in the coming weeks. They will finalize operational steps once they complete internal preparations. The agreement remains subject to final terms under the memorandum of understanding.
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