GoTycheThe $2 billion digital-asset investment firm rolls out an initiative to back, build and provide liquidity to projects bringing real-world yields into DeFi.
Crypto investment firm RockawayX is betting $150 million on yield becoming next big use case
The $2 billion digital-asset investment firm rolls out an initiative to back, build and provide liquidity to projects bringing real-world yields into DeFi.
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.
The next big opportunity is in assets that offer higher returns and behave differently from crypto markets, CEO Viktor Fischer said in an interview with CoinDesk.
“Our thesis going forward that after trading, yield will be the largest use case onchain” Fischer said. For that, “we need new sources of yield, 12% plus, uncorrelated to crypto,” he added.
Catapult will focus on areas including trade and supply-chain finance, specialty asset-backed securities, CLOs and real-estate-related credit.
Fischer said the appeal of putting less-liquid assets onchain is that market makers can create an exit even when the underlying investment has lengthy redemption periods.
RockawayX is looking for traditional finance professionals who know how to originate and underwrite those assets, then pair them with crypto-native operators who can help structure and distribute them onchain.
“The hard part of RWAs was never tokenization. It's everything after: who buys the asset, where it trades and what happens when someone needs to get out,” Fischer said.
1Cathie Wood's ARK teams with Securitize to tokenize venture fund with OpenAI, Anthropic stakes15 minutes ago 2Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push15 minutes ago 3EU's financial regulator to make AI and tokenization a supervisory priority in 202748 minutes ago 4Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme1 hour ago 5Litecoin token has its moment as network activity booms1 hour ago 6Live updates: Bitcoin falls to $83,000 as bond yields take center stage1 hour ago 7Bitcoin slides to $83,300 as bond yields hit highest level since 20072 hours ago 8Traders price in 4 Fed rate hikes by June 2027 as bitcoin slides below $83,0003 hours ago 9The data proves it: Bitcoin doesn't care about rising bond yields over long-term3 hours ago 10EU financial watchdogs warn quantum computing poses imminent threat to blockchain encryption3 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood's ARK teams with Securitize to tokenize venture fund with OpenAI, Anthropic stakes
Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push
Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme