Bitwise Asset Management announced the launch of an onchain non-custodial vault curation product built on Morpho.
The initiative introduces a professionally managed DeFi yield strategy aimed at institutional and sophisticated investors.
The first vault focuses on stablecoin lending strategies designed to target returns of up to 6% APY.
Bitwise said the product allows investors to retain full control of assets through a non-custodial structure.
The vault curation strategy is powered by Morpho’s modular onchain lending architecture.
Bitwise confirmed the strategy is led by Jonathan Man, head of multi-strategy solutions and DeFi strategies.
The firm said the product leverages its internal technology and investment team of around 140 staff.
The launch reflects Bitwise’s broader push to bridge traditional asset management with decentralised finance tools.
The company manages roughly $15 billion in client assets across crypto index and active products.
Bitwise said vault curation is intended to simplify onchain risk management for investors.
The product enables predefined risk parameters to be enforced directly at the protocol level.
Morpho’s infrastructure allows programmable and real-time risk adjustments based on market conditions.
Bitwise plans to expand the offering beyond stablecoins into additional onchain yield strategies.
Future vaults may include dynamic allocation and automated risk controls.
The firm said the product is designed to align with institutional compliance and governance standards.
Bitwise noted that jurisdictional and regulatory considerations will continue to apply to the offering.
The move highlights growing institutional interest in decentralised fixed-income alternatives.
Industry observers see the launch as another step in mainstream adoption of DeFi infrastructure.
The vault structure removes the need for asset custody by intermediaries.
Bitwise said the approach offers transparency through onchain execution and monitoring.
Morpho said the integration allows institutions to define risk parameters directly onchain.
The platform’s modular design supports customised lending strategies for different investor profiles.
Bitwise framed the product as a lower-friction entry point into decentralised yield markets.
The firm said real-time data and automation reduce operational complexity for participants.
Market participants view stablecoin yield as an emerging digital analogue to fixed income.
The announcement comes amid renewed interest in onchain credit markets.
Bitwise said the product aligns with its long-term strategy to expand active crypto solutions.
That’s why we’re so excited for Bitwise to enter vault curation.
Jonathan Man said.
The company expects institutional demand for non-custodial yield products to continue growing.
Morpho said the partnership strengthens its position as infrastructure for professional DeFi users.