The company RockawayX has secured $125 million to develop its second fund, which focuses on investments in startups based on the Solana blockchain. These funds will be directed towards supporting new projects within this ecosystem, as well as in the DeFi sector and networks operating on the company’s own infrastructure.
This is reported by Business • Media
Key Investment Areas
According to reports, the majority of the capital will go towards:
- supporting projects within the Solana ecosystem, particularly investments in startups that were pioneers in this network since 2018;
- DeFi platforms, where RockawayX provides liquidity directly through the blockchain;
- networks operating on the company’s own hardware.
Management Commentary and Company Strategy
“Instead of investing in new L1 blockchains, we focused on building applications in the Solana network and were the first users of our founders’ products,” said the company’s CEO, Viktor Fischer.
According to him, RockawayX manages assets totaling around $2 billion, has its own data centers, and a team of 45 employees, two-thirds of whom are engineers. The offices are located in Prague, Dubai, and London. Part of the investments are planned to be directed towards income-generating assets, considering the growing popularity of stablecoins and users’ search for new opportunities to earn interest. The company’s strategy is to position itself as a key player in generating yield on-chain.
As a reminder, the restaking protocol Symbiotic previously raised $29 million in investments.