RockawayX Puts $150 Million Into Onchain Private Credit
With Catapult, the crypto investor wants to finance, structure, and provide liquidity for tokenized credit and other RWAs. The move fits into the fast growth of onchain private credit and DeFi.
Key Takeaways
- RockawayX is investing $150 million through Catapult to bring private credit and other yield-generating assets onchain.
- Catapult offers financing, structuring, liquidity, market making, and distribution for tokenized credit products.
- The move fits into the growing RWA market, which is worth about $38 billion according to RWA.xyz.
RockawayX is putting $150 million (€131 million) to work to bring more private credit and other yield-generating assets onchain. With the new Catapult program, the $2 billion (€1.8 billion) crypto investor wants to finance, structure, and provide liquidity for tokenized credit products.
Catapult Is Meant to Bring Credit Onchain
According to RockawayX, Catapult offers venture funding, product structuring, liquidity, market making, and distribution for tokenized credit products. The company says it is responding to the growth of lending tied to the real economy.
RockawayX is already active in several parts of the crypto market. It manages venture funds for early-stage investments, a market-neutral fund that provides liquidity to DeFi protocols, and a vault operation with about $300 million (€263 million) in deployed capital. In August, the company also bought the crypto hedge fund Relayer.
RWA Market Is Growing Fast
The move fits into a broader trend around tokenized real-world assets, or RWAs. According to RWA.xyz, that market has grown to about $38 billion (€33.3 billion), with more than half made up of tokenized money market funds. Other market players paint much bigger pictures for the years ahead, although those estimates vary a lot.
Standard Chartered expects tokenized assets actively used in DeFi to reach about $2.7 trillion (€2.4 trillion) by the end of 2030. Citigroup puts the base case at $5.5 trillion (€4.8 trillion), while Ark Invest comes in at about $11 trillion (€9.6 trillion). Those wide-ranging estimates show that the market is still early and that the outcome will depend heavily on adoption and regulation.
Other players are also moving in the same direction: Compound, for example, is clearly shifting toward institutional DeFi and credit infrastructure.
Why This Matters
For European crypto investors, this matters mainly because more capital flowing into tokenized credit and other RWAs could point to a more mature DeFi market. If big players like RockawayX keep putting more money into this area, it could also show that institutional players are taking onchain products more seriously, especially ones that connect yield from the real economy to crypto infrastructure.
