# Why Ketju rejected RockawayX

- URL: https://riadefi.com/rejections/rockawayx/
- Exposure: other
- Memo version: v1
- Reviewed: 2026-08-19
- Next review: 2026-11-19

## The memo

REJECTED ON A YOUNG, UNVERIFIED TRACK RECORD AND A SELF-ADJUDICATED CONFLICT OF INTEREST. RockawayX is Blockad s.r.o., a Czech-registered crypto venture and trading firm operating since roughly 2018 as Rockaway Blockchain Fund, but its vault-curation business line — the roughly $192M this entry covers, spread across seven different underlying protocols on eight chains — only launched around 2026-03-26, about five months before this review, and grew about 90% in the three months before this review, a pace this registry treats as a stress precursor rather than a track record. RockawayX is simultaneously an active venture investor and a curator that has rapidly filled vaults for at least one ecosystem project, Tori Finance; RockawayX's own disclosure states Tori is backed by other venture firms and not a RockawayX portfolio company, addressing the conflict directly, but RockawayX is the only source for its own disqualification from that conflict, and no independent cap-table verification exists. No independent, non-RockawayX-authored coverage of the curator business was found anywhere.

## What would reopen the file

- An independent, non-RockawayX-authored verification of Tori Finance's cap table confirms RockawayX's claimed non-investor status
- The constrained-authority multisig and timelock model documented for the Tori vault is confirmed to apply across the Morpho, Kamino, and Midas positions making up the bulk of TVL
- Twelve consecutive months of track record across a full market cycle with no curator misjudgment or bad-debt event
- Independent, non-RockawayX-authored coverage of the curator business becomes available

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Published by Ketju Research (https://ketjuresearch.com). Educational analysis only; not legal, tax, compliance, or investment advice.
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