Bitwise announced the launch of an RWA vault on Morpho. Users can deposit AUSD, and those funds are used for lending backed by tokenized real-world assets—ranging from real estate to GPUs.

What’s Live

This new product is a vault on Morpho that pools AUSD deposits and puts them to work in loans collateralized by tokenized real-world assets. The collateral classes specifically mentioned include property and computing hardware (GPUs).

How It Works

Here’s the flow: users deposit AUSD into the vault, and the funds are then lent out, secured by tokens representing claims on real assets. So, all loans are backed by tokenized collateral—anything from real estate to hardware resources.

Who It’s For—and Why

This setup targets users who want on-chain access to loans backed by real assets, or who want to park AUSD with that kind of collateral behind it. The project is live on Morpho, and the spotlight is on RWAs—including property and GPUs, as highlighted in the announcement.