Overview
- Multiple outlets reported Tuesday that RockawayX is seeking $150 million for a new liquid opportunities hedge fund following its acquisition of Relayer Capital, a move described by sources as aimed at building tradeable token and crypto-equity positions.
- Relayer founder Austin Barack is reported to remain in charge of the acquired team and sources say Relayer’s positions contributed to roughly a 70% year-to-date return, a figure that has not been independently audited or fully disclosed.
- RockawayX, which manages roughly $2 billion across venture, credit, validator and liquidity businesses, has hired David Shang to run liquid assets and real-money gaming as part of the push into shorter‑dated, tradable strategies.
- Coverage shows inconsistent scale and performance figures for RockawayX’s products — Crypto Briefing reported about $100 million in vault TVL while Forbes put deposits at more than $200 million — and the firm is entangled in ongoing litigation with Solmate after RBCH Ltd. sued Solmate’s board and Solmate filed suits accusing RockawayX and its CEO of misleading statements.
- The shift reflects a wider industry trend of venture firms broadening into liquid, institutional-style products, and its near-term effects will hinge on the $150 million fundraising, verification of reported returns, and resolution of the Solmate legal disputes.