RockawayX buys NY hedge fund Relayer to complete its $2B crypto empire
What's the deal? Czech investment group RockawayXDealroom has a profile for this one. Try Dealroom → has acquired New York-based hedge fund Relayer CapitalDealroom has a profile for this one. Try Dealroom → for an undisclosed sum. The purchase adds a strategy for trading listed tokens and shares to the firm founded by Viktor Fischer, which now manages nearly $2 billion — roughly 40 billion crowns.
The terms: According to CzechCrunch, RockawayX paid somewhere between a few million and just over $10 million. Once the deal closes, the fund will be renamed RockawayX Liquid Opportunities Fund, with founder Austin Barack staying on to lead it.
What's the endgame? Fischer, 48, wants to build a crypto version of CitadelDealroom has a profile for this one. Try Dealroom →, the US giant with roughly $70 billion under management. “My goal has always been to build the same kind of Citadel, but for digital assets, and to become the best and largest manager in the world in this field,” he told CzechCrunch.
Why now? The acquisition completes RockawayX's investment cycle. Launched in 2018 under Rockaway CapitalDealroom has a profile for this one. Try Dealroom → and now independent, it has added strategies as the market matured: a venture fund for early-stage startups, a market-neutral fund for lending to blockchain projects, and now the hedge fund for trading listed assets.
The result, Fischer says, lets RockawayX back a blockchain company at every stage — from seed capital through debt financing to support after a token or shares go public. He argues no other group can currently offer such a complete set of instruments in the space.
By the numbers: Across four strategies, RockawayX manages roughly $1.1 billion. Its technology platform — seven data centers worldwide running staking and RPC servers — is entrusted with a further $700 million.
The company has 60 employees and offices in Prague, London, New York, and Dubai. Some capital comes from Rockaway CapitalDealroom has a profile for this one. Try Dealroom →'s own funds, but the bulk now comes from outside investors.
The signal: As blockchain applications like stablecoins, exchanges such as HyperliquidDealroom has a profile for this one. Try Dealroom →, and betting platforms start generating real revenue, crypto investors are consolidating into full-stack players that span venture, lending, and liquid trading. Fischer is betting the model that built traditional finance giants can be rebuilt for digital assets.
Read more: aroundprague.cz
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