Galaxy Digital and SharpLink plan $125M institutional onchain yield fund

Galaxy Digital and SharpLink are planning to launch an institutional onchain yield fund with $125 million in commitments, according to company materials and Reuters reporting.

The proposed structure would use SharpLink’s Ethereum treasury as the initial anchor asset, pointing to a new attempt to package crypto yield strategies for institutional investors.

What the companies are proposing

The available reporting says the fund is still a plan rather than a completed product launch. PR Newswire materials and investor-related sources describe the arrangement as a proposed institutional onchain yield fund, while Reuters framed it as a planned launch tied to SharpLink’s Ethereum holdings.

The stated commitment size is $125 million.

Why it matters

If completed, the fund would move onchain yield strategies further into a formal institutional structure, rather than leaving them only inside corporate treasury management or private crypto balance-sheet strategies.

That makes the project notable for both the crypto market and for companies looking to turn Ethereum holdings into yield-producing assets.

What is not yet clear

The reporting reviewed does not confirm a final closing, launch date or detailed risk structure for the fund. It is also not yet clear whether additional institutional backers will join beyond the initial commitments.

For now, the headline is a proposed product backed by one of the larger public Ethereum treasury positions in the market, not a finished fund launch.