Galaxy Digital to Lead Sharplink’s $125M On-Chain Yield Strategy
Galaxy Digital to manage Sharplink’s new $125 million onchain yield play
Galaxy Digital has been tapped to manage Sharplink’s new onchain yield strategy, a mandate tied to a $125 million initiative aimed at generating returns using blockchain-based markets.
The arrangement puts Galaxy, a major digital asset financial services firm, in charge of executing and overseeing Sharplink’s approach to earning yield “onchain” — a broad term that typically refers to strategies conducted directly through blockchain protocols rather than through traditional financial intermediaries.
For Sharplink, the move formalizes how its capital will be deployed in crypto-native yield opportunities. For Galaxy, it adds another institutional-style asset management relationship as more companies look for structured exposure to onchain returns while relying on a specialized operator for implementation and risk management.
Onchain yield has grown into a key area of focus in crypto markets as decentralized finance infrastructure has matured and as organizations seek alternatives to passive holding. The setup also reflects a wider trend of institutions and corporates engaging external managers to navigate operational complexity, including custody, protocol interactions, and ongoing monitoring.
