Crypto investment firm RockawayX puts $150M behind push for trade finance, private credit onchain

The next big opportunity is in assets that offer higher returns and behave differently from crypto markets, CEO Viktor Fischer said in an interview with CoinDesk.

“Our thesis going forward that after trading, yield will be the largest use case onchain” Fischer said. For that, “we need new sources of yield, 12% plus, uncorrelated to crypto,” he added.

Catapult will focus on areas including trade and supply-chain finance, specialty asset-backed securities, CLOs and real-estate-related credit.

Fischer said the appeal of putting less-liquid assets onchain is that market makers can create an exit even when the underlying investment has lengthy redemption periods.

RockawayX is looking for traditional finance professionals who know how to originate and underwrite those assets, then pair them with crypto-native operators who can help structure and distribute them onchain.

“The hard part of RWAs was never tokenization. It’s everything after: who buys the asset, where it trades and what happens when someone needs to get out,” Fischer said.