Bitwise Launches Automated Tokenized Stock Portfolios
Bitwise has introduced self-custodial model portfolios that automatically rebalance Coinbase tokenized stocks through Glider for eligible investors outside the U.S.
Bitwise Asset Management is bringing a familiar investment-management concept onchain, combining professionally designed portfolios with tokenized stocks that remain in investors’ own wallets.
The crypto asset manager, which oversees $9 billion in client assets, announced Automated Token Portfolios (ATPs) on Aug. 25. The product allows eligible non-U.S. investors in supported jurisdictions to follow Bitwise-designed investment models while Glider automatically implements and rebalances the holdings using Coinbase tokenized U.S. stocks.
Unlike a conventional fund, investors do not hand their assets to Bitwise or place them into a pooled investment vehicle.
How Bitwise’s Automated Token Portfolios Work
ATPs are rules-based model portfolios created by Bitwise Investment Manager. Each portfolio specifies a group of tokenized stocks and their target allocations.
The infrastructure divides responsibilities between three companies: Bitwise designs and publishes the investment models, Coinbase provides the tokenized stocks, and Glider handles implementation and rebalancing in users’ wallets.
The service carries a 0.15% methodology access fee, excluding trading and platform fees.
“For over a century, getting a professional model meant handing your assets to a fund. ATPs mean you can keep the assets in your own wallet, and the model comes to you,” Bitwise CIO Matt Hougan said.
Hougan added that ATPs could give investors faster and more precise access to thematic investment exposure than many traditional structures.
For beginners, a model portfolio is a predefined strategy that determines which assets should be held and in what proportions. In this case, Glider adjusts users’ holdings to keep them aligned with Bitwise’s published target weights.
First Portfolios Target AI Robotics and Tech
Bitwise plans to roll out its first three ATPs in the coming weeks, initially focusing on major technology and innovation themes:
- Bitwise Mag7X ATP: Equal-weighted exposure to the Magnificent 7 — Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla — plus SpaceX.
- Bitwise Robotics ATP: Equal-weighted exposure to companies involved in robotics and autonomous systems, including Tesla, Nvidia and Amazon.
- Bitwise AI Leaders ATP: Equal-weighted exposure to AI-focused companies including Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla and Sandisk.
The underlying instruments are tokenized stocks — blockchain-based tokens that provide economic exposure to company shares. According to Coinbase, its tokenized stocks are backed 1:1 by underlying shares held in regulated custody.
Self-Custody Changes the Portfolio Structure
A key difference between ATPs and traditional investment funds is where the assets are held.
The tokenized stocks remain in investors’ non-custodial wallets rather than being pooled under a fund structure. Bitwise neither custodies nor controls the assets, while Glider carries out portfolio transactions under the user’s authorization.
Keeping the assets onchain could also provide functionality beyond conventional brokerage accounts. Bitwise said investors may have opportunities to lend their tokenized holdings or borrow against them through DeFi protocols, subject to the associated risks.
“We’re excited to give global investors better access to investment opportunities through onchain rails, which unlock capabilities that aren’t available in a traditional brokerage account,” Glider co-founder and CEO Brian Huang said.
Bitwise Expands Its Onchain Investment Products
The launch extends Bitwise’s broader push into professionally managed onchain investment products.
In January, the company partnered with Morpho to offer curated non-custodial vaults. A month later, it introduced seven professionally constructed crypto portfolios for financial advisers, including systematic monitoring and rebalancing. Bitwise subsequently made its crypto model portfolios available to retail investors through Parrot during the summer.
The new ATPs take that approach further by applying automated portfolio management to tokenized equities.
More broadly, the product shows how tokenization could reshape portfolio infrastructure rather than simply reproduce stocks on a blockchain. Eligible investors can directly hold the individual tokenized assets while software keeps their portfolios aligned with models developed by a professional asset manager.
That combination of institutional-style portfolio construction, self-custody and programmable onchain assets illustrates a potential distinction between tokenized investing and conventional funds or ETFs: the assets can remain under the investor’s control while also retaining functionality within the wider onchain financial ecosystem.
Learn More with CryptoPulse.News
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