BTC $79,787.49 -1.98%
ETH $2,308.30 -2.65%
BNB $750.76 +0.05%
XRP $1.29 -3.33%
SOL $99.82 -2.72%
TRX $0.3311 -0.11%
DOGE $0.0777 -3.02%
ADA $0.1976 -4.63%
BCH $278.98 -6.58%
LINK $11.40 -3.44%
HYPE $78.79 -3.54%
AAVE $129.85 -4.04%
SUI $0.9084 -3.44%
XLM $0.1675 -2.52%
ZEC $1,237.40 -5.93%
AAPL $347.56 +0.18%
AMZN $252.85 -0.48%
GOOGL $292.39 -9.96%
MSFT $550.22 +3.79%
META $621.75 -0.28%
NVDA $214.02 -2.58%
TSLA $401.61 -2.00%
SNDK $1,361.13 -0.28%
INTC $91.89 -3.80%
SPCX $144.13 -3.93%
MU $953.45 -1.28%
AMD $561.83 -1.27%
BTC $79,787.49 -1.98%
ETH $2,308.30 -2.65%
BNB $750.76 +0.05%
XRP $1.29 -3.33%
SOL $99.82 -2.72%
TRX $0.3311 -0.11%
DOGE $0.0777 -3.02%
ADA $0.1976 -4.63%
BCH $278.98 -6.58%
LINK $11.40 -3.44%
HYPE $78.79 -3.54%
AAVE $129.85 -4.04%
SUI $0.9084 -3.44%
XLM $0.1675 -2.52%
ZEC $1,237.40 -5.93%
AAPL $347.56 +0.18%
AMZN $252.85 -0.48%
GOOGL $292.39 -9.96%
MSFT $550.22 +3.79%
META $621.75 -0.28%
NVDA $214.02 -2.58%
TSLA $401.61 -2.00%
SNDK $1,361.13 -0.28%
INTC $91.89 -3.80%
SPCX $144.13 -3.93%
MU $953.45 -1.28%
AMD $561.83 -1.27%

pult

All
Article
Flash

first_img RockawayX invested $150 million to launch Catapult, driving real-world revenue on-chain

According to CoinDesk, digital asset investment firm RockawayX announced an investment of $150 million to launch the Catapult program, aimed at bringing more private credit and other yield-generating real-world assets on-chain, betting that lending linked to the real economy will become one of the largest markets in the crypto space.The investment firm, which manages approximately $2 billion, stated that Catapult will provide venture capital, product structuring, liquidity, market making, and distribution support for tokenized credit products. RockawayX currently operates early-stage venture funds, market-neutral funds providing liquidity to DeFi protocols, and a vault business deploying about $300 million, and acquired the crypto hedge fund Relayer in August.According to RWA.xyz data, the scale of tokenized real-world assets such as bonds, stocks, and funds has rapidly grown to approximately $38 billion, but more than half of this is tokenized money market funds. RockawayX expects this market to reach $10 trillion to $20 trillion by 2030, a target higher than the $5.5 trillion benchmark forecast provided by Citigroup analysts. Catapult will focus on areas such as trade and supply chain finance, asset-backed securities, CLOs, and real estate-related credit.RockawayX CEO Viktor Fischer stated that following transactions, yields will become the largest application scenario on-chain, requiring new yield sources of over 12% that are uncorrelated with the crypto market. He pointed out that the appeal of bringing low-liquidity assets on-chain lies in the fact that even if the underlying investments have long redemption periods, market makers can create exit channels.
app_icon
ChainCatcher Building the Web3 world with innovations.