Galaxy Digital and SharpLink Launch $125 Million DeFi Yield Fund

May 12, 2026

Galaxy Digital and SharpLink announced a $125 million institutional onchain yield fund on May 12, 2026, deploying capital across DeFi liquidity protocols. SharpLink will contribute $100 million from its staked Ethereum treasury while Galaxy Digital adds $25 million and serves as investment manager. SharpLink holds 872,984 ETH after completing a $425 million PIPE in May 2025 with Galaxy Digital, Pantera Capital, ParaFi, and Electric Capital as participants.

Galaxy Sharplink Yield Fund Launch

▪Galaxy Digital and Sharplink announced plans on May 12, 2026 to launch a $125 million institutional onchain yield fund.
▪Galaxy Digital will contribute $25 million to the Galaxy Sharplink Onchain Yield Fund and act as investment manager.
▪Of the $125 million in commitments to the Galaxy Sharplink Onchain Yield Fund, $100 million will come from Sharplink's staked Ethereum treasury.
▪The Galaxy Sharplink Onchain Yield Fund is designed to allow Sharplink to preserve its core staked ETH exposure while allocating balance-sheet capital to actively managed onchain strategies.
▪The Galaxy Sharplink Onchain Yield Fund, LP will deploy capital across DeFi liquidity protocols and other onchain yield-generating strategies.
▪The Galaxy Sharplink Onchain Yield Fund, LP is expected to launch in the coming weeks after May 12, 2026.
▪Galaxy Digital will handle protocol selection, exposure sizing, and ongoing monitoring for the Galaxy Sharplink Onchain Yield Fund through the same institutional research and risk framework applied across Galaxy Digital's trading, lending, and asset management businesses.

Sharplink ETH Treasury Strategy

▪Sharplink holds 872,984 ETH in its treasury as of May 12, 2026.
▪Galaxy Digital, Pantera Capital, ParaFi, and Electric Capital were participants in Sharplink's $425 million PIPE in May 2025.
▪Joseph Chalom is CEO of Sharplink and a 20-year BlackRock veteran who previously led BlackRock's digital assets strategy.
▪Joseph Lubin is chairman of Sharplink and founder of Consensys.
▪Sharplink completed a $425 million PIPE in May 2025 that seeded Sharplink's ETH accumulation strategy.
▪Sharplink has emerged over the past year as one of the largest corporate holders of Ether after pivoting from online sports betting marketing into an ETH treasury vehicle.

Galaxy Digital Institutional Push

▪Liquid Collective is an enterprise liquid staking protocol used by exchanges, custodians, and asset managers.
▪Galaxy Digital and Sharplink are both Nasdaq-listed firms.
▪Galaxy Digital warned in a July 2025 research note that the proliferation of Digital Asset Treasury Companies pursuing identical raise-and-buy strategies could leave the market structurally fragile.
▪Galaxy Digital acquired Alluvial Finance in December 2025 to take over development of Liquid Collective.
▪Mike Novogratz is founder and CEO of Galaxy Digital.