SharpLink and Galaxy Digital launch $125M on-chain yield fund

SharpLink Gaming and Galaxy Digital have launched a $125 million on-chain yield fund designed to generate returns from digital assets through blockchain-based strategies. The fund's capital consists of $100 million from SharpLink's existing Ethereum treasury and an additional $25 million contributed by Galaxy Digital.

Unlike passive holding, the fund utilizes decentralized finance (DeFi) tactics, such as lending, liquidity provision, staking, or restaking, to actively put capital to work via smart contracts and public blockchain protocols. Galaxy Digital will oversee the fund, managing due diligence, risk control, and the evaluation of DeFi opportunities.

Joseph Chalom, CEO of SharpLink, stated that the fund represents a