Crypto VC Reverse Takeover: RockawayX Plans to Raise $150 million to Buy Undervalued Tokens and Crypto Stocks

BlockBeats News, August 26th, Prague-based digital asset investment firm RockawayX is currently raising $150 million for its new liquidity opportunity fund. The new fund will be led by Relayer founder and former CoinFund partner Austin Barack, focusing on "undervalued tokens and crypto-related equities." In a move contrasting with several well-known crypto VCs such as Paradigm and Framework Ventures expanding their investment scope to include AI and robotics, RockawayX is reallocating funds to the crypto liquidity market.

RockawayX is known for its early investment in Solana and currently manages approximately $2 billion in assets.