Rockawayx Acquires Relayer Capital, Expands US Crypto Presence

Rockawayx has completed the acquisition of Relayer Capital, a digital‑asset hedge fund known for its long‑short strategy, and renamed the vehicle the Rockawayx Liquid Opportunities Fund. The deal adds a directional, liquid‑markets capability to Rockawayx’s roughly $2 billion platform and strengthens its U.S. footprint.

Leadership and Structure

Relayer founder Austin Barack will join Rockawayx as chief investment officer of the newly named fund and will continue to run its investment strategy. The fund is open to new outside investors and focuses on long and short positions in liquid crypto tokens and digital‑asset‑related equities.

Performance Highlights

According to Rockawayx, Relayer’s strategy generated an estimated net return of about 70 % through August 21, 2026. The performance outperformed an equal‑weighted basket of bitcoin, ether and solana by 86 percentage points. Key contributors included positions in Venice AI, Hyperliquid, Grass Network, Pump.fun and Zcash.

Investment Focus

The fund targets assets that appear mispriced relative to their underlying businesses, market position or growth prospects. Its mandate emphasizes artificial‑intelligence projects and tokenized real‑world assets, while also employing pair trades and short positions to express relative‑value views and reduce exposure to broader market moves.

Strategic Rationale

Rockawayx CEO Viktor Fischer said the acquisition reflects a broader opportunity as crypto companies develop more conventional financial characteristics, creating inefficiencies that active investors can exploit. The addition of a liquid, directional strategy complements Rockawayx’s existing venture and market‑neutral businesses and leverages its infrastructure and on‑chain liquidity divisions.

Implications for Institutional Investors

The deal signals a shift in how institutional capital approaches crypto, treating it as a universe of assets that can be analyzed, valued and traded on individual fundamentals rather than a single market bet.