Key Takeaways
Rockawayx acquired Relayer Capital, including its 70%-returning 2026 long-short technique.Relayer beat a BTC-ETH-SOL basket by 86 factors, highlighting demand for lively crypto choice.Austin Barack will lead Rockawayx’s $2B platform fund because it targets AI and tokenized-asset trades.
Rockawayx Targets Mispriced Crypto Property With Relayer Acquisition
Rockawayx is increasing its liquid-markets enterprise with the acquisition of Relayer Capital, betting {that a} extra mature crypto market is creating alternatives for basic stock-picking and token choice.
Relayer will turn out to be the Rockawayx Liquid Alternatives Fund following the transaction. Founder Austin Barack will be part of Rockawayx as chief funding officer of the fund and proceed working its funding technique.
The fund, which is open to new exterior buyers, takes lengthy and quick positions in liquid crypto tokens and digital-asset-related equities. Its mandate facilities on discovering belongings that seem mispriced relative to their underlying companies, market place or development prospects.
Rockawayx Chief Govt Viktor Fischer mentioned the agency sees a broader alternative as crypto corporations develop extra standard monetary traits.
“There at the moment are crypto companies with actual revenues and powerful fundamentals that we are able to underwrite, but the market remains to be inefficient and misprices them. That may be a nice setup for lively buyers,” Fischer mentioned.
Relayer Posts Sturdy 2026 Efficiency
Relayer’s technique has generated an estimated web return of roughly 70% this 12 months via Aug. 21, in accordance with Rockawayx.
The agency mentioned that efficiency exceeded an equal-weighted basket of bitcoin, ether and solana by 86 share factors.
Main contributors included positions in Venice AI, Hyperliquid, Grass Community, Pump.enjoyable, and Zcash. The portfolio has targeted closely on two themes: synthetic intelligence and the expansion of round the clock markets for tokenized real-world belongings.
The technique also can use pair trades and quick positions to precise relative-value views whereas lowering publicity to broader crypto market strikes. Barack mentioned present valuations resemble alternatives that appeared as crypto emerged from earlier downturns.
“The fund is targeted on development, worth, and class leaders with sturdy market share,” he mentioned. “The present setup presents alternatives much like the emergence from prior bear markets in 2020 and 2023.”
Rockawayx Broadens Its Institutional Platform
The acquisition provides a directional liquid technique alongside Rockawayx’s enterprise and market-neutral companies.
The agency manages roughly $2 billion and in addition operates infrastructure and onchain liquidity divisions. Rockawayx mentioned these capabilities might help its funding groups determine alternatives throughout blockchain markets whereas supporting crypto corporations from early-stage funding via token launches and public-market buying and selling.
The deal additionally strengthens Rockawayx’s U.S. presence, with Barack based mostly within the New York space.
For Rockawayx, the acquisition displays a shift in how institutional buyers are approaching crypto: much less as a single market guess and more and more as a universe of belongings that may be analyzed, valued, and traded on their particular person fundamentals.
