Bitwise Expands DeFi Push With New Non Custodial Vault

Bitwise Asset Management is making a bigger splash in decentralized finance. The firm just launched a brand new non custodial vault created by its onchain strategy team. This move expands the company yield product lineup as interest in decentralized finance continues to heat up.

Bitwise currently manages around $15 billion in assets. By adding this new vault, the firm gives users more ways to generate yield without giving up control of their funds. Non custodial products remain popular because traders keep their private keys while putting their capital to work.

Market watchers are keeping an eye on how traditional asset managers bridge the gap with decentralized finance protocols. As more institutional players build onchain products, the line between traditional finance and decentralized finance keeps getting blurry. Watch for more yield options from major firms in the coming months.