(1/6) Introducing Catapult, our accelerator for founders bringing new yield-bearing RWAs onchain. You bring the asset, and our team incubates, bootstraps liquidity, market-makes, and drives integrations across onchain markets through our curation arm, while leaders from 20+ top co’s shaping the RWA space mentor you along the way. How to join ↓

1/ Today we launched Catapult, an RWA accelerator backed by RockawayX incubation, liquidity, and curation support with industry-leading mentors. Catapult builds on our thesis that the growth of yield-bearing RWAs onchain will be explosive, but face an obvious gap today - they crave differentiated, scalable yield. We're looking for that differentiated yield and pairing it with our proven model that helps overcome any challenges that good RWAs face in scaling. More on our thesis and how to apply 👇

The private AI thesis continues to play out with substantial @AskVenice growth. Here's @AustinBarack last week outlining growth expectations from the OpenAI controversy, and the addressable market for the sector:

4/ @GilgameshODs shared his curation insights in the @StrataMedia_ vaults survey: "Curators are still seen as risk managers, but in practice, they are also growth managers." "A vault can give you something loosely like a senior tranche on an asset compared with holding it outright. Some are blue chip and easy to exit, others pay more and are harder to get out of during stressed markets." "The questions we get have changed, too. It used to be whether we had a vault; now it is which vault we can bring, and how it can be built around their risk profile."

base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf 7d is up 60%, and @AustinBarack says it has legs to keep going. → Private AI addressable market is 10-20% of AI users → OpenAI Millennium Prize controversy is a huge marketing moment He also told @bart_hillerich why chasing beta here is a losing strategy, outlined where Venice fits in the broader crypto x AI landscape, and shared his VVV price target.

(1/6) RockawayX has acquired @RelayerCapital, a crypto long / short hedge fund founded and led by @AustinBarack. Relayer will become RockawayX Liquid Opportunities Fund, focused on undervalued tokens & crypto-related equities. Austin will continue leading the strategy as CIO. More details ↓

1/ The integration that DID matter. From day 1, we saw @kamino’s ONyc integration as a way to bring new capital and users into DeFi. We also believed it would help Kamino capture its big opportunity of providing users (accustomed to concentrated risk) with new asset types that offer differentiated risk-return profiles. A year later, that thesis has played out ↓

1/ "Suddenly, this six-year mission of ours to introduce reinsurance as a liquid asset class was completed yesterday.” We’re celebrating a year of OnRe Market growth by looking back on key moments from the journey. It all started at Accelerate with @onredan sharing the vision of what’s now one of crypto’s standout RWAs...

1/ Congratulations to @humafinance for hitting $200M with PST! Having recently scaled our Huma USDC Main Vault on @Morpho to ~$16m in deposits within 2 weeks, we've experienced firsthand how compelling PST is to the market. Our Curation team built around PST because the asset captures returns from self-liquidating cross-border payment receivables that typically settle within days, generating a continuously recycling yield source that differs from many traditional RWA strategies while remaining transparent and verifiable onchain. As a part of that vault launch, we connected with @0xErbil to dive into the PST growth strategy and what’s next 👇

1/ We partnered with @tori_finance to launch a vault that channels USDC & USDT into Tori's institutional delta-neutral strategies. Our team co-designed the vault structure, provided anchor capital, designed the incentive model, coordinated the launch, and established the integrations needed to make the vault useful across the broader DeFi ecosystem. As a result, the vault reached $44 million in deposits in 24 hours and reached its full $50 million cap within days.

“Companies way bigger than us are trying to white-label this as a platform capability to embed into their payment networks.” @0xErbil on the @humafinance $PST growth strategy and what’s next 👇

1/ @humafinance co-founder @0xErbil isn’t buying the bearish DeFi sentiment. “When TradFi dangers start piling up, it may take a year to see what’s going on. Anything bad happening in DeFi is so obvious… That helps you harden at a rate that TradFi can’t.”

1/ Our @lista_dao PT Yield Vault is now natively integrated on the @BinanceWallet Earn page! RockawayX has maintained a five-year Credit Fund track record of 0 defaults and consistently positive annual returns. This integration delivers the same performance and risk framework behind that record to Binance Wallet's 13.2 million users for the first time. How we manage risk: • Allocations are actively monitored and rebalanced to manage exposure, yield, and liquidity on an ongoing basis • Borrowers are required to over-collateralize beyond protocol defaults • No single market exceeds defined concentration caps • Governance is structured with a 72-hour time lock on all material vault changes • An independent guardian multisig retains veto power over pending actions Full details to get started 👇

1/ @humafinance's $PST is backed by short-duration cross-border payment receivables, creating a continuously recycling source of real-world yield. @0xErbil outlined why the asset is so compelling for vault inclusion:

1/ Our curated @humafinance vault on @morpho has grown to ~$16m in deposits since launch 2 weeks ago. During our talk with @0xErbil, he shared insights on PST's performance, "Why Morpho?", DeFi's future, and even some of Huma’s origin story 👇

1/ The RockawayX @HumaFinance vault is now live on @Morpho! Huma is the leading PayFi network that finances cross-border payments. The receivables behind it turn over in 1 to 7 days, so instead of long locked-up loans, you get a pool that keeps recycling. Deposit USDC to lend against Huma's PayFi collateral and earn the interest borrowers pay.

Writing to our investors: . Q1 was another terrible quarter for crypto, with total market cap declining -22% (after -27% decline in Q4 2025). . Trading volume looked even worse: Q1 spot trading volume on centralized exchanges reached $3.1T, a -37% decrease vs Q4 2025. Perpetual futures trading volume (used by traders to trade on leverage) fell to $12.7T in Q1, a -26% decrease vs Q4 2025. We continue to be in bear market, which we think will hold for 6-12 months. Institutional interest (eg Apollo, Fidelity, Blackrock), the technology (eg speed, privacy, AI adoption of crypto rails), revenue-generating applications (eg Hyperliquid, Pump), adoption of Real World Assets onchain (eg commodities, reinsurance) and regulatory improvements (eg Genius, Clarity bills) continue to build the foundation for the next major crypto cycle.