RockawayX has begun seeking $150 million for a new liquid opportunities fund following its acquisition of crypto hedge fund Relayer Capital. According to reports from Forbes, the fund will invest in undervalued tokens and crypto-related equities, giving RockawayX exposure to assets that can be traded more easily than private investments held through its existing venture funds. The planned strategy represents a significant expansion beyond RockawayX's traditional venture investing focus.
Relayer founder Austin Barack will remain with RockawayX and manage the new investment vehicle, as reported by Forbes. The fund reportedly returned approximately 70% during 2026, with positions in Hyperliquid and the decentralized AI platform Venice AI contributing significantly to this performance. Hyperliquid's HYPE token gained 219% during the year, while Venice AI's VVV token rose 1,006%. At the time of the report, HYPE had a market value of approximately $18 billion, and VVV was valued at more than $800 million.
The fund launch comes amid a 20%+ surge in Bitcoin, Ethereum, and Solana over the past week, as reported by Odaily News. This recent market momentum supports RockawayX's strategy of focusing on liquid opportunities in the crypto ecosystem. The timing aligns with broader industry trends, as major crypto venture capital firms including Paradigm and Framework Ventures are also incorporating fields like AI and robotics into their investment strategies.
RockawayX currently oversees approximately $2 billion across its investment, liquidity, and blockchain infrastructure divisions, according to company disclosures. The Prague-founded firm operates venture funds, a market-neutral credit strategy, validator infrastructure, and an on-chain liquidity business. Its existing market-neutral fund has delivered a 42.59% absolute return since inception since April 2022, charging a 1.6% management fee and 15% performance fee. The fund is available only to qualified investors across multiple European markets including Liechtenstein, Switzerland, and Germany.
The new fund represents RockawayX's continued diversification beyond traditional venture investing, with the company having closed a $125 million second venture fund in Q1 2025 and backing a $5 million round for Solana-based reinsurance company OnRe in May. As reported by Forbes, the fund's focus on liquid tokens and public equities differs from RockawayX's venture strategy, offering exposure to assets that can be traded without waiting for private company exits or token vesting schedules. The company's existing venture funds have produced strong returns, with the first fund delivering a 2.1-times distributed-to-paid-in ratio and a 5.4-times multiple on invested capital.
