RockawayX launches $150 million liquid opportunities fund after Relayer Capital acquisition

RockawayX announced that it is raising $150 million for a new liquid opportunities fund following its acquisition of crypto‑hedge fund Relayer Capital. The fund will focus on “undervalued tokens and crypto‑related equities,” giving the firm exposure to assets that can be bought and sold more readily than the private holdings in its existing venture funds.

Management and performance background

Austin Barack, founder of Relayer Capital, will remain with RockawayX to manage the new vehicle. Relayer reported an approximate 70 % return in 2026, driven by positions in Hyperliquid’s HYPE token and the decentralized AI platform Venice AI’s VVV token.

Fund strategy and scope

The liquid opportunities fund aims to invest in publicly traded crypto‑related stocks and liquid crypto tokens, contrasting with RockawayX’s venture strategy that relies on private company exits. Details on minimum investment, fee structure, jurisdictional availability, and fundraising timeline have not been disclosed.

RockawayX’s broader platform

RockawayX oversees roughly $2 billion across venture, credit, validator infrastructure, and on‑chain liquidity divisions. Its market‑neutral credit fund, launched in 2022, has delivered a 42.59 % absolute return net of fees and charges a 1.6 % management fee plus a 15 % performance fee. The firm also closed a $125 million second venture fund in early 2025, backing early‑stage blockchain projects such as Solana, Wintermute, and Morpho Labs.

Industry context

RockawayX’s move mirrors a broader trend among crypto venture firms expanding into AI, robotics, and other technology sectors. Competitors such as Paradigm and Framework Ventures have recently raised multi‑billion‑dollar funds with mandates that span crypto and emerging tech.