Crypto investment firm RockawayX is betting $150 million on yield becoming next big use case
- RockawayX is committing $150 million to Catapult, a program designed to bring private credit and other yield-generating real-world assets onchain.
- Catapult will provide funding, product structuring, liquidity, market making and distribution for tokenized products tied to areas including trade finance, asset-backed securities and real estate.
- The firm expects tokenized real-world assets, now worth about $38 billion, to grow to between $10 trillion and $20 trillion by 2030 as investors seek higher yields that are less correlated with crypto markets.
Digital asset investment firm RockawayX is putting $150 million to bring more private credit and other yield-generating assets onchain, betting that lending tied to the real economy will become one of crypto's largest markets.
The $2 billion digital-asset investment firm is rolling out Catapult, a program that will provide venture funding, product structuring, liquidity, market making and distribution for tokenized credit products, the firm told CoinDesk Thursday.
RockawayX already operates across several parts of the crypto investment stack. It runs venture funds for early-stage investments, a market-neutral fund that provides liquidity to DeFi protocols, and a vault business with roughly $300 million in deployed capital. The firm also acquired crypto hedge fund Relayer in August.
Tokenized real-world assets like bonds, equities and funds have grown rapidly to roughly $38 billion, but more than half of the market consists of tokenized money-market funds, according to RWA.xyz. RockawayX expects the market to reach between $10 trillion and $20 trillion by 2030. That’s an even more ambitious target than Citi analysts’ $5.5 trillion forecast by the end of the decade as the base case.