RockawayX Targets $150 Million for New Crypto Fund Following Relayer Capital Acquisition

Prague-based digital asset firm RockawayX, which manages approximately $2 billion in assets, is raising $150 million for a new liquidity-focused fund following its acquisition of crypto hedge fund Relayer Capital. Led by former CoinFund partner Austin Barack, the fund will target undervalued tokens and crypto-related equities. Despite a broader industry shift toward AI and robotics by firms like Paradigm and Framework Ventures, RockawayX is doubling down on crypto, bolstered by Relayer's 70% return this year driven by positions in Hyperliquid and Venice AI.