Galaxy, led by Mike Novogratz, and Sharplink have launched a $125 million private fund that will invest staked Ether in decentralized finance strategies. The move comes as institutions increasingly seek yield from their Ethereum holdings. Sharplink also reported a large quarterly loss.
The fund represents a collaboration between the two firms to provide institutional exposure to DeFi opportunities built around staked ETH. Galaxy brings its experience in digital assets while Sharplink contributes its Ethereum-focused operations.
