RockawayX Puts $150M Behind On-Chain Trade Finance Push

Crypto investment firm RockawayX has made a significant move in the trade finance and private credit space by allocating $150 million to promote on-chain solutions.

The fund will focus on developing and implementing decentralized, blockchain-based systems for trade finance and private credit.

RockawayX's effort aims to increase efficiency and reduce costs associated with traditional trade finance and private credit practices.

According to the company, this investment is part of its broader strategy to support the growth of decentralized finance (DeFi) and provide more accessible financial services to a wider audience.