RockawayX acquires Relayer Capital to launch new liquid crypto fund

RockawayX, a crypto investment firm managing approximately $2 billion in assets, has acquired the New York-based hedge fund Relayer Capital. Following the acquisition, Relayer will be rebranded as the RockawayX Liquid Opportunities Fund, which has a fundraising target of $150 million.

Relayer Capital, founded by Austin Barack, has reportedly achieved approximately 70% year-to-date returns in 2026, driven by positions in projects such as Hyperliquid and Venice AI. Barack will remain with the firm as the Chief Investment Officer of the new fund.

The acquisition allows RockawayX to expand its capabilities into liquid strategies, including the active trading of tokens and crypto-related equities through a long/short approach. This move strengthens the firm's presence in the United States and provides institutional investors with a dedicated vehicle for liquid digital assets. RockawayX, which serves as the blockchain arm of Rockaway Capital, maintains offices in Prague, London, and Dubai.