Crypto VC Goes Against the Grain: RockawayX Plans $150M Fund to Buy Undervalued Tokens and Crypto Stocks

On August 26, Prague-based digital asset investment firm RockawayX is raising $150 million for its new liquidity opportunity fund. The new fund will be led by Austin Barack, founder of Relayer and former CoinFund partner, who will continue in his role, with an investment focus on "undervalued tokens and crypto-related stocks."

Against the backdrop of several prominent crypto VCs, including Paradigm and Framework Ventures, expanding their investment scope into AI and robotics, RockawayX is making a clearly contrarian move by refocusing capital on the crypto liquidity market. RockawayX, previously known for early investments in Solana, currently manages approximately $2 billion in assets.

[BlockBeats]