RockawayX, a $2 billion digital-asset investment firm, is committing $150 million to Catapult, a program supporting private credit and other yield-generating assets onchain. Catapult will provide venture funding, product structuring, liquidity, market making and distribution for tokenized credit products, with a focus on trade and supply-chain finance, specialty asset-backed securities, CLOs and real-estate-related credit. RockawayX already operates venture funds, a market-neutral fund that provides liquidity to DeFi protocols and a vault business with about $300 million in deployed capital, and acquired crypto hedge fund Relayer in August. Tokenized real-world assets have grown to roughly $38 billion, with more than half of the market consisting of tokenized money-market funds, according to RWA.xyz. RockawayX expects the market to reach between $10 trillion and $20 trillion by 2030, above Citi analysts' $5.5 trillion base-case forecast for the end of the decade. CEO Viktor Fischer said yield could become crypto's largest onchain use case after trading and that new sources should offer returns above 12% without being correlated with crypto markets. He said the main challenge is building the buying, trading and exit infrastructure for less-liquid assets, including by combining traditional-finance underwriting expertise with crypto-native structuring and distribution capabilities.