RIADeFi
Research files · Other

Ketju research: RockawayX

RejectedPublished by Ketju Research

This file describes the economic claim, control, loss, and exit evidence. Client action and amount belong to the advisor. Not investment, legal, tax, or compliance advice.

Research summary

This review rejects RockawayX because its track record is young and unverified and it judges its own 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 the vault-curation business covered by this entry, roughly $192M spread across seven different underlying protocols on eight chains, launched only around 2026-03-26, about five months before this review. It grew about 90% in the three months before this review, a pace this registry views as a warning of stress rather than a track record. RockawayX is both an active venture investor and a curator that rapidly filled vaults for at least one ecosystem project, Tori Finance. Its own disclosure says Tori is backed by other venture firms and is not a RockawayX portfolio company, which addresses the conflict directly. But only RockawayX supports its own claim that the conflict does not apply, and no independent cap-table check exists. No independent coverage of the curator business written outside RockawayX was found anywhere.

Observable review triggers

  • 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

Facts on file

Verdict
Rejected
Type
Other
Chains examined
Ethereum, Solana, Sei, Pharos, BSC, Etherlink, Base, Plume Mainnet
Reviewed
Last confirmed

← All published rejections