Cryptocurrency investment enterprise RockawayX is investing $150 million to bring additional private credit and alternative yield-producing assets onto the blockchain, wagering that lending tied to the real economy will transform into one of the largest sectors in crypto.
The $2 billion digital-asset investment company is introducing Catapult, an initiative that will supply venture capital, product structuring, liquidity, market making, and distribution for tokenized credit instruments, the organization disclosed to CoinDesk on Thursday.
RockawayX currently operates across multiple segments of the blockchain investment stack. It manages venture funds for initial-stage commitments, a market-neutral fund that supplies liquidity to DeFi protocols, and a vault division with approximately $300 million in allocated capital. Furthermore, the company acquired crypto hedge fund Relayer in August.
Tokenized real-world assets such as equities, bonds, and funds have expanded rapidly to roughly $38 billion, although more than half of this sector comprises tokenized money-market funds, according to RWA.xyz. RockawayX anticipates the industry will scale between $10 trillion and $20 trillion by 2030. That represents an even loftier objective than Citi analysts’ $5.5 trillion projection by the decade’s close as their baseline scenario.
The upcoming major opportunity lies within assets that provide elevated returns and perform differently compared to cryptocurrency markets, CEO Viktor Fischer mentioned during a conversation with CoinDesk.
“Our core perspective moving forward is that following trading, yield will become the predominant onchain use case,” Fischer stated. To achieve that, “we require fresh yield origins, 12% and higher, disconnected from crypto,” he continued.
Catapult will concentrate on sectors involving supply-chain and trade finance, specialized asset-backed securities, collateralized loan obligations (CLOs), and real-estate-backed credit.
Fischer explained that the benefit of placing less-liquid assets on the blockchain is that market makers can establish an exit pathway even when the underlying investment features extended lock-up periods.
RockawayX is actively seeking traditional finance specialists who understand how to originate and underwrite those assets, and subsequently match them with crypto-native operators capable of helping structure and distribute them onchain.
“The difficult aspect of RWAs was never the tokenization itself. It involves everything that follows: who purchases the asset, where it is exchanged, and what occurs when an individual needs to liquidate,” Fischer noted.
Originally published at https://www.coindesk.com/business/2026/09/23/rockawayx-is-betting-usd150-million-on-yield-becoming-crypto-s-next-big-use-case.
