BTC $84,523.01 -2.17%
ETH $2,673.23 -2.27%
BNB $765.86 -1.88%
XRP $1.48 -2.57%
SOL $118.98 -2.63%
TRX $0.3343 -0.26%
DOGE $0.0927 -3.64%
ADA $0.2453 -3.47%
BCH $308.97 -1.43%
LINK $13.88 -4.66%
HYPE $88.10 -1.38%
AAVE $177.07 -3.15%
SUI $1.13 -4.16%
XLM $0.2146 -3.86%
ZEC $1,313.43 -5.28%
AAPL $333.26 +0.59%
AMZN $251.85 +1.14%
GOOGL $343.80 +1.12%
MSFT $517.60 +0.17%
META $727.21 -0.24%
NVDA $234.21 +1.09%
TSLA $370.71 +4.08%
SNDK $1,718.37 -4.02%
INTC $118.08 -2.17%
SPCX $158.91 +6.55%
MU $1,067.58 -2.40%
AMD $633.83 +2.23%
BTC $84,523.01 -2.17%
ETH $2,673.23 -2.27%
BNB $765.86 -1.88%
XRP $1.48 -2.57%
SOL $118.98 -2.63%
TRX $0.3343 -0.26%
DOGE $0.0927 -3.64%
ADA $0.2453 -3.47%
BCH $308.97 -1.43%
LINK $13.88 -4.66%
HYPE $88.10 -1.38%
AAVE $177.07 -3.15%
SUI $1.13 -4.16%
XLM $0.2146 -3.86%
ZEC $1,313.43 -5.28%
AAPL $333.26 +0.59%
AMZN $251.85 +1.14%
GOOGL $343.80 +1.12%
MSFT $517.60 +0.17%
META $727.21 -0.24%
NVDA $234.21 +1.09%
TSLA $370.71 +4.08%
SNDK $1,718.37 -4.02%
INTC $118.08 -2.17%
SPCX $158.91 +6.55%
MU $1,067.58 -2.40%
AMD $633.83 +2.23%

apu

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.