RockawayX Acquires Relayer Capital to Bolster US Presence
RockawayX, a leading cryptocurrency investment institution, has announced the acquisition of Relayer Capital, a digital assets hedge fund. This strategic move aims to expand RockawayX's presence in the US market and incorporate multi-asset strategies into its existing platform.
The deal sees Relayer Capital being rebranded as the RockawayX Liquid Opportunities Fund, with a focus on identifying 'undervalued liquidity tokens and crypto-related stocks.' Austin Barack, founder of Relayer, will take on the role of Chief Investment Officer at the new fund.
According to Forbes, citing an informed source, RockawayX is planning to raise $150 million for this fund. The announcement comes at a time when the cryptocurrency market has seen significant gains, with Bitcoin reaching a historic high last week before dipping 1.68% to $79,064 in the past 24 hours.
RockawayX CEO Viktor Fischer stated that this is the 'right moment' to implement Relayer's strategy, citing strong fundamentals and actual revenue generation among some crypto companies, while also highlighting market inefficiencies and mispricing opportunities for active investors.