PANews reported on May 11 that Sharplink and Galaxy Digital have signed a non-binding agreement to establish the $125 million Galaxy Sharplink Onchain Yield Fund. The fund will deploy ecosystem liquidity for high-quality DeFi protocols and generate risk-managed on-chain yields to increase Sharplink's ETH holdings per share. Sharplink plans to contribute $100 million of its own long-term capital, while Galaxy Digital will contribute $25 million and act as the investment manager. The fund will focus on on-chain liquidity strategies and early-stage protocol support.