TechFlow reports that on May 11, according to Forbes, Galaxy—founded by Novogratz—and Sharplink, an Ethereum treasury company, announced a partnership to launch the “Galaxy Sharplink Onchain Yield Fund,” with a total size of $125 million, expected to officially launch within weeks. Of this, $100 million comes from Sharplink’s Ethereum treasury, and $25 million is contributed by Galaxy’s proprietary capital. Galaxy serves as the fund’s exclusive manager, responsible for protocol selection, position management, and risk control. The fund will primarily focus on active DeFi strategies such as lending and liquidity provision, targeting an annualized return of over 10%.
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