RockawayX launches $150 million Catapult Program, positioning yield as the next major on-chain use case.
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Digital asset investment firm RockawayX has announced the launch of its Catapult initiative, committing $150 million to tokenize private credit and other income-generating assets, as it positions lending tied to the real economy to become one of the largest markets in crypto. RockawayX said Catapult will provide venture capital, product structuring, liquidity, market making, and distribution services for tokenized credit products. The firm currently operates across multiple crypto investment segments, including an early-stage venture fund, a market-neutral fund that provides liquidity to DeFi protocols, and a treasury business with around $3 billion in deployed capital, and it acquired crypto hedge fund Relayer in August. RockawayX CEO Viktor Fischer stated: “We believe that after trading, yield will be the largest use case on-chain. For this, we need new sources of yield: returns above 12% that are uncorrelated to crypto.” Catapult will focus on areas such as trade and supply chain finance, specialty asset-backed securities, collateralized loan obligations (CLOs), and real estate-related credit. The current size of tokenized real-world assets is approximately $380 billion, with more than half coming from money market funds. RockawayX projects this market will reach $10 trillion to $20 trillion by 2030, a more aggressive forecast than Citigroup’s prediction of $5.5 trillion.
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