BTC $83,536.75 -0.39%
ETH $2,523.61 -1.42%
BNB $744.50 -0.94%
XRP $1.37 -2.97%
SOL $108.09 -3.94%
TRX $0.3299 -0.66%
DOGE $0.0844 -3.36%
ADA $0.2385 -5.95%
BCH $272.39 -4.90%
LINK $13.10 -2.17%
HYPE $82.82 -5.45%
AAVE $160.54 -4.99%
SUI $1.06 -5.50%
XLM $0.1938 -4.28%
ZEC $1,215.47 -8.88%
AAPL $341.80 +1.28%
AMZN $258.72 -2.16%
GOOGL $351.48 -0.49%
MSFT $541.47 +0.67%
META $738.21 +2.19%
NVDA $224.52 -2.45%
TSLA $375.33 -2.22%
SNDK $1,440.14 -8.54%
INTC $100.80 -3.77%
SPCX $163.01 -0.92%
MU $964.12 -5.88%
AMD $588.29 -3.78%
BTC $83,536.75 -0.39%
ETH $2,523.61 -1.42%
BNB $744.50 -0.94%
XRP $1.37 -2.97%
SOL $108.09 -3.94%
TRX $0.3299 -0.66%
DOGE $0.0844 -3.36%
ADA $0.2385 -5.95%
BCH $272.39 -4.90%
LINK $13.10 -2.17%
HYPE $82.82 -5.45%
AAVE $160.54 -4.99%
SUI $1.06 -5.50%
XLM $0.1938 -4.28%
ZEC $1,215.47 -8.88%
AAPL $341.80 +1.28%
AMZN $258.72 -2.16%
GOOGL $351.48 -0.49%
MSFT $541.47 +0.67%
META $738.21 +2.19%
NVDA $224.52 -2.45%
TSLA $375.33 -2.22%
SNDK $1,440.14 -8.54%
INTC $100.80 -3.77%
SPCX $163.01 -0.92%
MU $964.12 -5.88%
AMD $588.29 -3.78%

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.