SharpLink and Galaxy Digital ($GLXY) are preparing to launch a $125 million decentralized finance (DeFi) fund targeting annual returns of 10% or more, underscoring how institutional Ethereum (ETH) treasury managers are increasingly looking beyond basic staking as on-chain yield opportunities mature. According to Forbes on May 11 (ET), the fund will be seeded with $100 million worth of Ethereum from SharpLink’s treasury and $25 million of Galaxy Digital’s own capital, with a launch expected in the coming weeks.
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