Crypto investment firm RockawayX is betting $150 million on yield becoming next big use case

The $2 billion digital-asset investment firm is rolling out Catapult, a program that will provide venture funding, product structuring, liquidity, market making and distribution for tokenized credit products, the firm told CoinDesk Thursday.

RockawayX already operates across several parts of the crypto investment stack. It runs venture funds for early-stage investments, a market-neutral fund that provides liquidity to DeFi protocols, and a vault business with roughly $300 million in deployed capital. The firm also acquired crypto hedge fund Relayer in August.

Tokenized real-world assets like bonds, equities and funds have grown rapidly to roughly $38 billion, but more than half of the market consists of tokenized money-market funds, according to RWA.xyz . RockawayX expects the market to reach between $10 trillion and $20 trillion by 2030. That’s an even more ambitious target than Citi analysts’ $5.5 trillion forecast by the end of the decade as the base case.