RockawayX, one of the largest groups in Europe focusing on blockchain technology and digital assets, in cooperation with AMISTA, an investment company that is part of the J&T Group, is establishing a second open-end fund that will make it possible for an even larger circle of investors to invest into the world of financial services of the future. The mutual fund aims to achieve growth through investment in Rockaway Blockchain Fund II, L.P., abbreviated RBF II. RBF II is a foreign fund focusing on investment in blockchain technology and related assets.
RBF II splits its investments among several key sectors: 40% of capital is invested in blockchain infrastructure, the cornerstone of the digital economy; 20% in 24/7 finances; another 20% in Web 3 technologies that are at the fore of innovation in the area of decentralized internet; and the fund invests the remaining 20% in other investment funds, allowing it to diversify risk while taking advantage of the expertise of leading players in the field. So far, RBF II has successfully invested 26 million dollars in 22 various projects, including Helio, Xverse, Playmakers, RISC Zero, and funds such as a16z and Bitkraft.
“At RockawayX we’re thrilled to be able to announce the establishment of our second open-end mutual fund, Rockaway Blockchain II, in cooperation with AMISTA. In March of this year, our first venture capital fund broke its historical records from 2021, when the value of its portfolio at the end of the month exceeded USD 650 million. I’m convinced that the second fund also has the potential to replicate the success of the first,” says Viktor Fischer, founder and Managing Partner of RockawayX.
Blockchain is a technology that allows financial services to be automated and provided directly over the internet. Assets on blockchain have already achieved a market capitalization of USD 2.7 billion and are expected to grow to more than USD 10 billion over the next five years, with the main driver of growth being the use of blockchain in the financial sector, as predicted by companies such as McKinsey, BCG, Bernestein, or VanEck.
The Rockaway Blockchain II open-ended mutual fund (RBOPF II) follows up on the successful first Rockaway Blockchain open-ended mutual fund. The RBOPF II structure and investment amount allows qualified investors to invest in digital assets starting at CZK 1 million. It will be distributed via AMISTA AND J&T Bank.
“We’re glad that we can once again offer a fund to our partners and clients for their investment portfolio that precisely reflects the dynamic nature of the present day. The world of digital services and new technologies is increasingly becoming an integral part of our lives. Therefore, we see a fund that focuses in this direction as a logical development in the area of investment opportunities,” says Ondřej Horák, executive director of AMISTA, the investment company managing and administering RBOPF II.
Since it was established in 2018, RockawayX has taken part in investing in more than 80 projects and funds, including several acquisitions of “unicorns”, companies valued at over a billion dollars. These include projects such as Solana, a decentralized blockchain operating system, 1inch, which places decentralized exchanges under one roof and allows users to obtain the best price from all of these exchanges, and Blockdaemon, a leading blockchain infrastructure provider.
About RockawayX
Since 2018, RockawayX has been investing in blockchain companies in their early phases. Its Engineering division contributes to decentralization, security, and growth of blockchain networks and applications, with dedicated teams for the development of software, infrastructure, and security audits. Thanks to a top-notch technical team and R&D team, the RockawayX group is capable of quickly reacting to new opportunities in the area of blockchain. This allows it to provide effective support to projects in its portfolio, which are thus able to more quickly consolidate their positions grow their activities.
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