Bitwise Launches PAPY RWA Vault on Morpho

Bitwise has launched the Bitwise Premium RWA Vault (PAPY) on the Morpho protocol, integrating with the Agora stablecoin AUSD. Users can deposit AUSD into the vault, which programmatically lends funds backed by over-collateralized tokenized real-world assets (RWA) to generate on-chain yields. The vault's collateral includes PST from Huma Finance for cross-border payment financing, sUSDai from USDai backed by GPU-related loans, and PRIME from HastraFi and Figure backed by residential home equity. Bitwise manages collateral selection and risk parameter setting