Crypto investment firm RockawayX is committing $150 million to Catapult, a new initiative designed to bring private credit and other yield-generating real-world assets onchain. The $2 billion digital-asset investment firm announced the program Thursday, saying it will provide venture funding, product structuring, liquidity, market making and distribution for tokenized credit products.
Catapult will focus on areas including trade and supply-chain finance, specialty asset-backed securities, collateralized loan obligations and real-estate-related credit. RockawayX already operates across several layers of the crypto investment stack, running venture funds for early-stage investments, a market-neutral fund that supplies liquidity to DeFi protocols, and a vault business with roughly $300 million in deployed capital. It also acquired crypto hedge fund Relayer in August.
Tokenized real-world assets such as bonds, equities and funds have grown rapidly to approximately $38 billion, though more than half of that total consists of tokenized money-market funds, according to RWA.xyz. RockawayX expects the broader market to reach between $10 trillion and $20 trillion by 2030 — a target that exceeds even Citi analysts' $5.5 trillion forecast for the same period.
CEO Viktor Fischer said the next major opportunity lies in assets that deliver higher returns and behave differently from crypto markets. "Our thesis going forward is that after trading, yield will be the largest use case onchain," Fischer told CoinDesk. "We need new sources of yield — 12% plus, uncorrelated to crypto."
