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Galaxy, Sharplink Unveil $125M Fund for Institutional Ethereum On-Chain Use

Guavy AI Editorial Team
Instruments
ETH
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Galaxy and Sharplink have jointly launched a $125 million fund aimed at putting institutional Ethereum to work on-chain. The fund will enable investors to utilize their ETH holdings in various on-chain activities, such as lending and borrowing.

The partnership between Galaxy and Sharplink is designed to address the issue of idle funds held by institutions. By providing a platform for these investors to engage with decentralized finance (DeFi) applications, the fund aims to unlock the potential of their ETH holdings.

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