RockawayX puts $150 million behind onchain trade finance and private credit

RockawayX is putting $150 million into onchain trade finance, private credit, and other yield-generating assets. The firm is rolling out Catapult to support tokenized credit products. Catapult will provide venture funding. It will also provide product structuring. The program will provide liquidity, market making, and distribution. RockawayX is a $2 billion digital-asset investment firm. The firm operates early-stage venture funds. It also runs a market-neutral fund that provides liquidity to decentralized finance protocols. Its vault business has about $300 million in deployed capital. RockawayX acquired crypto hedge fund Relayer in August. Tokenized real-world assets have grown to about $38 billion. More than half of that 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. The firm expects investors to seek higher yields that are less correlated with crypto markets. Citi analysts forecast $5.5 trillion by the end of the decade in their base case.