Bitwise’s new real-world asset vault, ticker PAPY, pulled in over $8 million in deposits within its first day of existence. For a product that launched with jus
- Bitwise's new real-world asset vault, PAPY, attracted over $8 million in deposits on its first day, offering a 5.22% APY.
- The vault deposits AUSD, a USD-pegged stablecoin backed by short-term US Treasuries, into overcollateralized tokenized real-world assets.
- This launch signifies strong institutional interest in on-chain yield products, competing with offerings from BlackRock and Ondo Finance.
Topics: Asset types, Scalability, Institutional adoption, Financial instruments, Growth metrics, Asset manager initiatives
Tags: #bitwise #papy #rwavault #ausd #morpho #tokenizedassets #onchainyield #ustreasuries #blackrock #ondofinance