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Mike Novogratz: Galaxy Sharplink launches institutional onchain yield fund using ETH treasury
Mike Novogratz, industry influencer, announced a partnership with Sharplink and Joe Chalom for the launch of the Galaxy Sharplink Onchain Yield Fund, leveraging one of the largest ETH treasuries among public companies.
Novogratz highlighted that institutional capital is moving onchain and noted that the infrastructure is now sufficient to support this transition.
Earlier this year, State Street launched SWEEP, a tokenized liquidity fund using infrastructure built by Galaxy, according to a prior statement from Novogratz. The initiative extends State Street’s $5 trillion in assets onto blockchain-based platforms. Galaxy’s involvement reflects ongoing interest from large institutions in exploring onchain fund structures.
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