Novogratz’s Galaxy And Ethereum Treasury Company Sharplink To Launch $125 Million DeFi Fund
The private vehicle will target lending and liquidity strategies as Sharplink seeks higher returns than staking can provide.
- New York-based Galaxy, founded by billionaire Mike Novogratz, is partnering with Miami-based Ethereum treasury company Sharplink to launch the $125 million Galaxy Sharplink Onchain Yield Fund in the coming weeks.
- Sharplink aims to make its $2.1 billion Ethereum treasury more productive, moving beyond staking—which yields about 2.5%—into active DeFi strategies like lending and liquidity provision.
- The Galaxy Sharplink Onchain Yield Fund has secured $125 million in commitments, comprising $100 million from Sharplink's treasury and $25 million from Galaxy, with Galaxy serving as exclusive manager.
- Despite a brutal April for DeFi marked by North Korean hackers draining $285 million from Drift Protocol and $292 million from Kelp DAO, Chalom argues this turmoil demands raising security standards.
- Chalom stated, "The power of our long-term Ethereum capital and Galaxy's expertise in asset management and on-chain deployments is a really powerful combination," positioning the fund to support protocols meeting institutional standards.
14 Articles
14 Articles
Galaxy and Sharplink Plan to Launch First of its Kind, Institutional Onchain Yield Fund with $125 Million in Commitments
/PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) and Sharplink Inc. (Nasdaq: SBET) today announced their entry into a non-binding memorandum of understanding,...
Novogratz’s Galaxy And Ethereum Treasury Company Sharplink To Launch $125 Million DeFi Fund
Galaxy will manage the private fund, seeded with $100 million from Sharplink’s ether treasury and $25 million of its own capital, bringing fresh liquidity to a bruised DeFi sector.
SharpLink Posts $686 Million Loss on ETH Price Slide, Announces $125 Million Onchain Yield Fund With Galaxy
SharpLink reported Q1 2026 results Monday that illustrate the challenge of operating a publicly listed Ethereum treasury in a volatile market: revenue jumped 17-fold year-over-year while the GAAP loss swelled to $686 million.Revenue for the quarter ended March 31, 2026 was $12.1 million, up from $0.7 million in the prior-year period, driven almost entirely by $11.5 million from ETH staking operations — the primary activity of the company's treas…
Galaxy Digital and Sharplink Launch $125 Million Institutional DeFi Yield Fund
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. Sharplink and Galaxy Partner To Deploy $125M DeFi Ecosystem Liquidity Fund Decentralized finance […]
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