RockawayX Acquires Relayer Capital to Bolster US Presence

RockawayX, a cryptocurrency investment firm with approximately $2 billion in assets under management, has acquired Relayer Capital to expand its presence in the US market.

The deal will add long and short strategies to RockawayX's existing platform through the rebranded RockawayX Liquid Opportunities Fund, which will focus on identifying 'undervalued liquid tokens and crypto-related equities.'

Austin Barack, Relayer Capital's founder, will join RockawayX as the Chief Investment Officer (CIO) of the new fund.

The RockawayX Liquid Opportunities Fund is aiming to raise $150 million, according to a Forbes report. The strategy uses long and short positions, including pair trades, to express fundamental views on crypto tokens while reducing broader market exposure when appropriate.