Nasdaq-listed Sharplink, Inc. (ticker: SBET) and Galaxy Digital Inc. (ticker: GLXY) have jointly unveiled a new investment vehicle, the Galaxy Sharplink Onchain Yield Fund, LP. The fund, which will be managed by Galaxy, is designed as an institutional-grade limited partnership focused on on-chain yield generation. It has raised $125 million in initial committed capital, with $100 million sourced from Sharplink's staked ETH treasury and the remaining $25 million contributed by Galaxy. According to the announcement, the fund will allocate capital to decentralized finance (DeFi) and on-chain yield strategies. The move reflects a broader shift among corporate treasuries from passively holding digital assets to actively engaging with on-chain market opportunities. Galaxy said the launch extends its asset management platform to cover institutional-grade on-chain strategies, a step that brings together the expertise of a Nasdaq-listed company and a leading digital asset manager. The vehicle is structured as a limited partnership, as indicated by its LP designation.
Nasdaq-listed Sharplink, Inc. (SBET) and Galaxy Digital Inc. (GLXY) have rolled out the Galaxy Sharplink Onchain Yield Fund, LP, an institutional-grade fund run by Galaxy.
The fund starts with $125 million in committed capital. Of that, $100 million comes from Sharplink's staked ETH treasury, and $25 million comes from Galaxy itself. It will put that capital to work in decentralized finance (DeFi) and on-chain yield strategies, a clear move away from passive corporate treasury holding and toward active participation in on-chain markets.
Galaxy said the launch broadens its asset management platform into institutional-grade on-chain strategies. And yes, the vehicle is set up as a limited partnership, which is exactly what the LP at the end of its name signals.
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