Galaxy Digital and Sharplink have launched the Galaxy Sharplink Onchain Yield Fund with $125 million in committed capital at inception. Galaxy will manage the fund, with Sharplink contributing $100 million from its staked ETH treasury and Galaxy committing $25 million. The companies said the vehicle is the first institutional investment product designed to deploy capital into onchain yield strategies and selected investment opportunities. The launch points to a push by institutional players to move beyond passive crypto holdings and seek onchain yield through blockchain-based market activity.