Bitwise: Launches PAPY RWA Vault on Morpho

Bitwise launched PAPY, its Premium RWA Vault on Morpho, allowing deposits in AUSD to generate yield through programmatic lending against a diversified basket of overcollateralized tokenized real-world assets such as PST short-duration financing, sUSDai GPU-backed loans and PRIME home equity claims. The vault programs risk parameters around these assets while AUSD remains backed by short-term U.S. Treasuries and liquid instruments, marking another step in delivering onchain finance products and RWA yield generation to market participants seeking tokenized real-world assets lending exposure.