RockawayX Allocates $150 Million to Onchain Yield Strategies, Targeting Uncorrelated Returns

RockawayX, a crypto-focused investment firm, is deploying $150 million behind the thesis that yield generation will emerge as the dominant onchain use case following trading. Chief Executive Viktor Fischer told CoinDesk that the next major opportunity lies in assets delivering double-digit returns uncorrelated to volatile digital asset markets.

“Our thesis going forward is that after trading, yield will be the largest use case onchain,” Fischer stated. “For that, we need new sources of yield, 12% plus, uncorrelated to crypto.”

The firm’s new vehicle, Catapult, will concentrate on sectors including trade and supply-chain finance, specialty asset-backed securities, collateralized loan obligations (CLOs), and real-estate-related credit. Fischer highlighted that migrating less-liquid assets onchain allows market makers to provide liquidity and exit opportunities even when underlying investments feature lengthy redemption periods.

To execute this strategy, RockawayX is recruiting traditional finance professionals experienced in asset origination and underwriting, pairing them with crypto-native operators capable of structuring and distributing these instruments onchain.

“The hard part of RWAs was never tokenization,” Fischer noted. “It’s everything after: who buys the asset, where it trades, and what happens when someone needs to get out.”

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