Bankless · Monday, September 7, 2026
Austin Barack of Relayer Capital reveals a significant shift in his firm's focus, with 95% of their attention now on liquid assets rather than venture investments. This strategic pivot is driven by the current crypto market cycle and the perceived abundance of opportunities in public tokens.
“Between the two sides of Relay, or between the liquid public token and the private VC side of things, which side has been capturing your attention more? Which side has been winning in the tug of war, if you will?”
“Yeah, so I would say maybe like the first three quarters of the year of 2024, when I was live with the fund, I would say it was pretty 50-50. Now it's 95% liquid.”
“I think most of the deals that you're seeing on the venture side come to market are You know, there are interesting deals, but they're growth stage deals. They're more like traditional payments and fintechs companies, which I think are also compelling.”