SharpLink Selects Anchorage Digital to Secure ETH Treasury for Landmark Linea Deployment
Anchorage Digital is advancing institutional participation in DeFi by proudly supporting SharpLink Gaming, Inc. (Nasdaq: SBET), one of the world’s largest corporate holders of Ethereum, as it embarks on a groundbreaking treasury strategy. SharpLink plans to deploy $200 million in ETH onto Linea, a zkEVM Layer 2 network bootstrapped by Consensys, in a phased, risk-managed approach to access onchain yield at scale.
As SharpLink’s qualified custodian, Anchorage Digital Bank is providing the secure, regulated custody infrastructure for this significant allocation, underscoring a major trend: the institutional adoption of Layer 2 solutions and DeFi, paired with non-negotiable requirements for institutional-grade security and regulatory compliance.
Unlocking DeFi yield with institutional-grade safeguards
SharpLink’s strategy is designed to optimize its Ethereum holdings by unlocking scalable, secure, and composable ways to generate onchain yield through the Linea network.
The deployment utilizes the weETH Liquid Restaking Token (LRT) from ether.fi, a leading decentralized liquid staking protocol. As a wrapped version of staked ETH that maintains liquidity and accrued staking rewards, weETH is the specific instrument that SharpLink will leverage on Linea to amplify yield opportunities through its integration with EigenLayer. This strategy ensures SharpLink captures differentiated, risk-adjusted returns, combining native Ethereum yield with additional partner incentives—all while the underlying assets are secured under custody with Anchorage Digital Bank.
Anchorage Digital Bank’s status as a federally regulated crypto bank in the US ensures that SharpLink’s digital asset treasury (DAT) is safeguarded with bankruptcy protections, as mandated by law. Combined with the use of air-gapped hardware security modules (HSMs) to generate and process private keys, Anchorage Digital provides the institutional-grade security and protections required by public entities like SharpLink—setting a new benchmark for secure DAT innovation.
“We are thrilled to enable SharpLink’s groundbreaking treasury strategy on Linea, introducing a new era for how public companies can responsibly generate yield in the digital asset space. This partnership validates the critical need for regulated custody to safely bridge institutional capital with the innovation happening in the Ethereum ecosystem. ”
—Nathan McCauley, CEO & Co-Founder, Anchorage Digital
“To pursue our enhanced yield strategy on Linea, we required a custody solution that not only meets, but exceeds the standards of traditional finance for a publicly traded company. We selected Anchorage Digital as it provided the necessary regulatory certainty and bankruptcy-remote custody infrastructure to confidently execute this major evolution in our treasury management.”
—Joseph Chalom, Co-CEO, SharpLink Gaming
As the Ethereum ecosystem continues to evolve as the programmable foundation for new financial markets, Anchorage Digital remains committed to enabling institutions to participate in digital assets through our secure, regulated, and capital-efficient platform.
If you’d like to learn more about our offerings, please get in touch.
Press Contacts:
Anchorage Digital
press@anchorage.com
SharpLink Gaming
media@sharplink.com
About SharpLink Gaming, Inc
SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world’s largest publicly traded companies to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset. Learn more at www.sharplink.com.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
