Bitwise, in partnership with the DeFi protocol Morpho, has launched non-custodial on-chain vaults. The first product targets an annual yield of 6% through over-collateralized lending pools.

Finance is moving onchain. Vaults are a key part of that, offering investors a transparent way to earn digital yield on their assets.

Today, we’re excited to announce that Bitwise is launching non-custodial vault strategies as a curator on @Morpho.

The quick details:

-… pic.twitter.com/pUz9Upk4lV

— Bitwise (@BitwiseInvest) January 26, 2026

Bitwise portfolio manager Jonathan Mann will oversee strategy and risk management. The company describes these new tools as a core part of the financial transition to on-chain systems and a transparent way to generate income.

A key feature of the vaults is the ability to deposit and withdraw funds at any time. Unlike some staking protocols, assets are not locked up. This makes the tool similar to traditional funds, but utilizes code instead of intermediaries.

Previously, Bitwise predicted that such “ETF 2.0” would double assets under management by 2026. Analysts expect billions in capital inflows and increased attention from major financial publications.

Morpho ranks seventh in total value locked among DeFi protocols, with $6.7 billion.

Source: DeFiLlama.

In January, Bitwise analysts concluded that Bitcoin and gold significantly enhance portfolio efficiency when adjusted for risk compared to traditional strategies.