Crypto investment firm RockawayX is betting $150 million on yield becoming next big use case

RockawayX said it is deploying $150 million to launch Catapult, a program designed to accelerate the tokenization and market distribution of private credit and other yield-bearing real-world assets. The company, which manages about $2 billion in digital-asset capital, plans for Catapult to offer venture funding, product structuring, liquidity provision, market making and distribution support for onchain credit products. The firm noted tokenized real-world assets such as tokenized bonds, equities and funds have grown quickly to roughly $38 billion in outstanding value, with more than half of that comprised of tokenized money-market funds according to RWA.xyz. RockawayX expects the broader market for tokenized real-world assets to expand substantially by 2030, forecasting a range between $10 trillion and $20 trillion. Catapult will concentrate on asset areas that produce higher yields and are less correlated with crypto market movements, the firm said. Specific targets include trade and supply-chain finance, specialty asset-backed securities, collateralized loan obligations (CLOs) and real-estate-related credit. RockawayX’s CEO described yield-bearing, less-liquid assets as the next major onchain use case and argued that tokenization combined with market-making can create exit options even when underlying instruments have long redemption windows. To build these products, RockawayX said it will recruit traditional finance originators and underwriters and pair them with crypto-native structurers and distributors. The firm framed the primary challenge not as tokenizing assets but as placing them with buyers, creating trading venues, and providing ways for investors to exit positions when necessary. RockawayX already operates venture funds, a market-neutral liquidity fund, a $300 million vault business, and recently acquired crypto hedge fund Relayer as part of its broader strategy to support onchain real-world yields.