RockawayX said Tuesday that it has acquired crypto hedge fund Relayer Capital as it moves to expand its cryptocurrency business in the United States. Following the deal, Relayer Capital will be renamed RockawayX Liquid Opportunities Fund. The fund is set to focus on investment opportunities in undervalued liquid tokens and crypto-related stocks, according to the announcement cited by Odaily. The acquisition adds to RockawayX’s broader push in the market. Earlier, the firm had planned to raise $150 million for the new hedge fund. The transaction and rebranding indicate that RockawayX is pairing its US expansion plans with a dedicated investment vehicle aimed at liquid digital assets and listed equities tied to the crypto sector.
RockawayX said Tuesday it has acquired crypto hedge fund Relayer Capital as part of an effort to expand its cryptocurrency business in the United States.
After the acquisition, Relayer Capital will be renamed RockawayX Liquid Opportunities Fund. The fund will focus on finding investment opportunities in undervalued liquid tokens and crypto-related stocks.
Earlier, RockawayX had planned to raise $150 million for the new hedge fund.
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