RockawayX Buys Relayer Capital, Targets Undervalued Crypto Assets

Crypto investment firm RockawayX has acquired Relayer Capital to expand its liquid strategies and U.S. footprint, according to The Block.

The deal terms were not disclosed, but Relayer will be rebranded as the RockawayX Liquid Opportunities Fund.

The new fund will focus on 'undervalued liquid tokens and crypto-related equities,' said a company statement.

RockawayX currently manages roughly $2 billion in assets.

Austin Barack, Relayer's founder, will join RockawayX as chief investment officer of the new fund.