Crypto asset manager Bitwise has launched an RWA yield vault called PAPY on Morpho, a DeFi lending protocol built on Ethereum. According to Techub, citing Cointelegraph, the product generates yield by lending AUSDi deposits against overcollateralized tokenized real-world assets. The launch ties traditional financial assets to DeFi lending infrastructure through a structure aimed at onchain yield generation. Bitwise is described as a U.S. crypto asset management firm that operates multiple cryptocurrency index funds and ETF products, while Morpho provides a modular lending framework that lets users create custom lending markets. The report says the collaboration is designed to offer institutional investors a compliant route to earn yield onchain.
Crypto asset manager Bitwise has rolled out an RWA yield vault, PAPY, on Morpho, a DeFi lending protocol.
It produces yield by lending AUSDi deposits against overcollateralized tokenized real-world assets.
Bitwise is a U.S. crypto asset manager running multiple cryptocurrency index funds and ETF products. Morpho, for its part, is a modular lending protocol on Ethereum that lets users set up custom lending markets.
According to Cointelegraph, the tie-up blends traditional financial assets with DeFi lending mechanics and gives institutional investors a compliant route to onchain yield.
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