[Bitwise Launches PAPY RWA Vault on Morpho to Support On-Chain Yields with Tokenized Real-World Assets] BlockBeats News, September 2: Bitwise announced the launch of the Bitwise Premium RWA Vault (PAPY) on Morpho, in collaboration with Agora's stablecoin AUSD. Users can deposit AUSD into PAPY, where the vault programmatically lends out the funds, backed by over-collateralized tokenized real-world assets (RWA) to generate on-chain lending yields. The collateral assets for PAPY include PST, launched by Huma Finance, which provides short-term cross-border payment financing for institutions; sUSDai, launched by USDai, supported by AI computing power GPU-related loans; and PRIME, introduced by HastraFi in partnership with Figure, consisting of tokenized debt backed by premium residential equity. AUSD is fully reserve-backed by liquid assets such as short-term U.S. Treasury bills, overnight, and reverse repurchase agreements. Bitwise is responsible for screening acceptable collateral for PAPY and setting programmatic risk parameters. The vault is now officially live on Morpho. [Original Link]