Summary
Ketju does not approve RockawayX: its vault business is about five months old with no independent check, and RockawayX alone vouches that it has no conflict with projects it funds. RockawayX is Blockad s.r.o., a Czech crypto venture and trading firm active since about 2018 as Rockaway Blockchain Fund. Its vault business holds about $192M across seven protocols on eight chains. It launched around 2026-03-26 and grew about 90% in the three months before this review. We read that pace as a warning sign of stress. RockawayX is a venture investor and also a curator that quickly filled vaults for at least one ecosystem project, Tori Finance. RockawayX says Tori is backed by other venture firms and is not its portfolio company. No independent cap table confirms that, and we found no coverage of the vault business written by anyone else.
Review triggers
- A source independent of RockawayX verifies Tori Finance’s cap table and confirms RockawayX is not an investor
- RockawayX documents that the multisig and timelock limits it set for the Tori vault also apply to the Morpho, Kamino and Midas positions that hold most of its deposits
- The vault business completes 12 consecutive months, across a full market cycle, with no curator misjudgment or bad debt
- Coverage of the vault business written by someone other than RockawayX becomes available
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Ethereum, Solana, Sei, Pharos, BSC, Etherlink, Base, Plume Mainnet
- Reviewed
- Last confirmed