Bitwise Asset Management has entered decentralised finance with non-custodial vault strategies on the Morpho lending protocol, aiming to offer around 6% annual yield on stablecoins while maintaining transparency and risk oversight for institutional investors.
Bitwise Asset Management has moved into decentralised finance with the launch of curated, non‑custodial vault strategies built on the Morpho lending protocol, aiming to deliver around 6% annual yield on stablecoins. According to the company announcement and reporting by Live Bitcoin News, the initiative was unveiled on X on 26 January 2026 and will deploy capital into overcollateralised on‑chain lending markets to pursue the target return.
Bitwise will act as a curator on Morpho, designing the vaults’ strategy and providing continuous risk oversight while users retain custody of their assets on‑chain. Company materials published on Bitwise’s newsroom and coverage by Cointelegraph and Crypto.News describe the approach as combining traditional portfolio discipline with the transparency and composability of blockchain infrastructure.
Jonathan Man, CFA, Portfolio Manager and Head of Multi‑Strategy Solutions at Bitwise, has been named to lead strategy construction and day‑to‑day risk management for the vaults. Industry summaries from Blockchain Council, CoinCentral and TheCoinRepublic note the initial focus will be stablecoins , with USDC cited by some outlets , and that the firm intends to broaden the product set over time to include additional stablecoins, select crypto tokens, tokenised real‑world assets and decentralised exchange liquidity.
Bitwise frames the product as aimed at sophisticated yield‑seeking investors familiar with regulated market standards, emphasising process, auditability and risk controls designed to address vulnerabilities exposed during earlier periods of DeFi stress. Reporting highlights that the non‑custodial structure is intended to limit counterparty exposure while preserving on‑chain visibility into positions and flows.
Morpho supplies the underlying capital‑efficient lending architecture that the vaults will use, enabling overcollateralised lending markets the partners say can generate predictable yields within defined risk parameters. Coverage across the crypto press characterises the launch as part of a wider trend in which institutional asset managers professionalise DeFi infrastructure to attract more regulated capital to on‑chain opportunities.
Bitwise also brings operational scale to the effort: the firm employs roughly 140 professionals globally and points to more than eight years’ experience in crypto asset management in its announcement. Industry observers quoted in the coverage view the move as signalling growing institutional comfort with on‑chain yield strategies, although they caution that realised returns will depend on market and protocol conditions rather than the headline target alone.
The launch underscores a continuing convergence between legacy investment practices and decentralised financial engineering, with Bitwise and Morpho positioning their vaults as a bridge for investors seeking transparent, software‑driven yield while maintaining custody and on‑chain auditability.
- https://www.livebitcoinnews.com/bitwise-brings-wall-street-style-yield-to-defi-vaults/ – Please view link – unable to able to access data
- https://www.blockchain-council.org/cryptocurrency/bitwise-launchonchain-vaults/ – Bitwise has announced the launch of non-custodial on-chain vaults in partnership with Morpho, targeting a 6% annual percentage yield (APY) through overcollateralized lending pools. This move signifies a growing institutional interest in decentralized finance (DeFi) products. The vaults are designed to offer investors a transparent and efficient way to earn digital yield on their assets. Jonathan Man, CFA, Portfolio Manager and Head of Multi-Strategy Solutions at Bitwise, will lead the strategy and risk management for these vaults. The initial focus is on stablecoins, with plans to expand into other crypto assets and tokenized real-world assets in the future. ([blockchain-council.org](https://www.blockchain-council.org/cryptocurrency/bitwise-launch-onchain-vaults/?utm_source=openai))
- https://cointelegraph.com/news/bitwise-becomes-morpho-network-vault-curator – Bitwise has partnered with decentralized finance (DeFi) lending protocol Morpho to launch non-custodial on-chain vaults aimed at generating yield. The first vault targets an annual percentage yield of 6% by investing in overcollateralized lending pools. This collaboration highlights the increasing institutional adoption of DeFi strategies. Bitwise will act as a vault curator on the Morpho protocol, with portfolio manager Jonathan Man leading the strategy and risk management. The initial focus is on stablecoins, with plans to expand into other crypto assets and tokenized real-world assets. ([cointelegraph.com](https://cointelegraph.com/news/bitwise-becomes-morpho-network-vault-curator?utm_source=openai))
- https://bitwiseinvestments.com/newsroom/bitwise-expands-onchain-solutions-with-introduction-of-non-custodial-vault – Bitwise Asset Management has introduced non-custodial vault curation, powered by Morpho, aiming to generate up to 6% annual percentage yield (APY) on stablecoins. The vaults deploy capital into overcollateralized lending markets, with Bitwise handling strategy design and real-time risk management. Jonathan Man, CFA, Portfolio Manager and Head of Multi-Strategy Solutions at Bitwise, will lead the initiative. The firm plans to expand into other stablecoins and crypto assets, as well as explore tokenized real-world assets and decentralized exchange liquidity. ([bitwiseinvestments.com](https://bitwiseinvestments.com/newsroom/bitwise-expands-onchain-solutions-with-introduction-of-non-custodial-vault?utm_source=openai))
- https://coincentral.com/bitwise-launches-defi-vaults-on-morpho-protocol-targeting-6-usdc-yield/ – Bitwise Asset Management has launched its first on-chain vault strategy through the Morpho protocol, targeting up to 6% annual yield on USDC stablecoin. The vault strategy uses over-collateralized lending markets, with Bitwise managing strategy design and risk management while funds remain non-custodial. Jonathan Man serves as Bitwise’s portfolio manager and head of multi-strategy solutions for the vault operations. The firm plans to expand to other stablecoins and DeFi strategies in the future. ([coincentral.com](https://coincentral.com/bitwise-launches-defi-vaults-on-morpho-protocol-targeting-6-usdc-yield/?utm_source=openai))
- https://crypto.news/bitwise-launches-first-onchain-vault-on-morpho-2026/ – Bitwise has launched its first on-chain vault through the Morpho protocol, focusing on stablecoins and targeting returns of up to 6% annually. The vault utilizes overcollateralized lending pools on Morpho, with funds remaining non-custodial and transparent on the blockchain. Jonathan Man, CFA, Portfolio Manager and Head of Multi-Strategy Solutions at Bitwise, leads the strategy and risk management for the vault. The firm plans to expand into other stablecoins and crypto assets in the future. ([crypto.news](https://crypto.news/bitwise-launches-first-onchain-vault-on-morpho-2026/?utm_source=openai))
- https://www.thecoinrepublic.com/2026/01/27/bitwise-launches-non-custodial-vault-strategies-on-morpho/ – Bitwise has launched non-custodial vault strategies on the Morpho protocol, targeting about 6% annual percentage yield (APY) on stablecoins. Vault curation and risk management are led by Jonathan Man, with support from Bitwise’s multi-strategy team. The firm aims to help sophisticated investors access DeFi yields through transparent and efficient on-chain strategies. The initial focus is on stablecoins, with plans to expand into other crypto assets and tokenized real-world assets in the future. ([thecoinrepublic.com](https://www.thecoinrepublic.com/2026/01/27/bitwise-launches-non-custodial-vault-strategies-on-morpho/?utm_source=openai))
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article reports on Bitwise Asset Management’s recent launch of non-custodial vault strategies on the Morpho protocol, targeting a 6% annual yield on stablecoins. This initiative was announced on January 26, 2026, and has been covered by multiple reputable sources, including Bitwise’s official newsroom ([bitwiseinvestments.com](https://bitwiseinvestments.com/newsroom/bitwise-expands-onchain-solutions-with-introduction-of-non-custodial-vault?utm_source=openai)), Cointelegraph ([cointelegraph.com](https://cointelegraph.com/news/bitwise-becomes-morpho-network-vault-curator?utm_source=openai)), and CoinMarketCap ([coinmarketcap.com](https://coinmarketcap.com/academy/article/bitwise-targets-6percent-usdc-returns-via-morpho-vault-strategy?utm_source=openai)). The earliest known publication date of substantially similar content is January 26, 2026. The article does not appear to be recycled from low-quality sites or clickbait networks. The narrative is based on a press release from Bitwise, which typically warrants a high freshness score. There are no discrepancies in figures, dates, or quotes between this article and earlier versions. The article includes updated data and does not recycle older material. Overall, the content is fresh and original.
Quotes check
Score:
7
Notes:
The article includes direct quotes from Jonathan Man, CFA, Portfolio Manager and Head of Multi-Strategy Solutions at Bitwise, and Paul Frambot, Co-founder and CEO of Morpho. These quotes are consistent with those found in other reputable sources, such as CoinMarketCap ([coinmarketcap.com](https://coinmarketcap.com/academy/article/bitwise-targets-6percent-usdc-returns-via-morpho-vault-strategy?utm_source=openai)) and CoinCentral ([coincentral.com](https://coincentral.com/bitwise-launches-defi-vaults-on-morpho-protocol-targeting-6-usdc-yield/?utm_source=openai)). However, the exact earliest known usage of these quotes cannot be determined from the available information. While the quotes are consistent across sources, the inability to independently verify the earliest usage raises some concerns. Therefore, the score is slightly reduced.
Source reliability
Score:
6
Notes:
The article originates from Live Bitcoin News, a niche publication focusing on cryptocurrency news. While it provides coverage of Bitwise’s announcement, the source is not as widely recognised as major news organisations like the Financial Times or Reuters. Additionally, the article appears to be summarising or aggregating content from Bitwise’s press release and other reputable sources, which may affect its independence. The lack of independent verification sources further diminishes the reliability score.
Plausability check
Score:
7
Notes:
The article reports on Bitwise’s launch of non-custodial vault strategies on the Morpho protocol, targeting a 6% annual yield on stablecoins. This aligns with Bitwise’s previous statements about on-chain vaults and their potential growth in 2026. The claims are plausible and consistent with industry trends. However, the article lacks supporting detail from other reputable outlets, and the absence of specific factual anchors (e.g., names, institutions, dates) raises concerns about its authenticity. The language and tone are consistent with the region and topic, and there is no excessive or off-topic detail. Overall, the claims are plausible but require further verification.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article reports on Bitwise’s recent launch of non-custodial vault strategies on the Morpho protocol, targeting a 6% annual yield on stablecoins. While the content is fresh and original, the reliance on Bitwise’s press release and the lack of independent verification sources raise concerns about the article’s reliability and independence. The inability to independently verify the earliest usage of quotes further diminishes confidence in the content. Therefore, the overall assessment is a FAIL with MEDIUM confidence.