Eligible persons can now hold tokenized stock portfolios in their wallets that automatically align with Bitwise-designed models. The initial suite includes Mag7X, Robotics, and AI portfolios.

Bitwise Asset Management, the global crypto asset manager with $9 billion in client assets, announced the launch of Automated Token Portfolios (ATPs). ATPs are institutionally designed portfolios of tokenized stocks that users can replicate automatically in their wallets. With the launch, eligible persons can curate their stock portfolio to align with one of Bitwise’s published model portfolios while keeping custody of their assets.

Bitwise ATPs are powered by Coinbase’s recently launched tokenized U.S. stocks and implemented by Glider, an independent platform whose technology automatically rebalances wallet holdings to keep them aligned with Bitwise’s published model portfolio weights.

As of launch, Coinbase Tokenized Stocks and Automated Token Portfolios are available only to non-U.S. persons in eligible jurisdictions outside of the U.S.

With Automated Token Portfolios, tokenized stocks remain in investors’ non-custodial wallets at all times. Users are not required to transfer assets to a pooled vehicle or surrender custody to a fund sponsor. Because the tokens remain in investors’ own wallets, investors may have the opportunity to lend or borrow against them on decentralized finance (DeFi) protocols, subject to applicable risks, including the risk of full liquidation.

“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,” said Matt Hougan, CIO of Bitwise. “ATPs unlock a new way for people to access thematic exposures more quickly and precisely than many traditional structures. We’re just scratching the surface.”

Bitwise’s inaugural Automated Token Portfolios will roll out in the coming weeks and provide exposure to a series of key investment themes:

• Bitwise Mag7X ATP: Equal-weighted exposure to eight of the largest companies in the world: the Magnificent 7 (Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla) plus SpaceX.
• Bitwise Robotics ATP: Equal-weighted exposure to leaders in the design, manufacture, and deployment of robotics and autonomous systems, including Tesla, Nvidia, and Amazon.
• Bitwise AI Leaders ATP: Equal-weighted exposure to the companies leading innovation in artificial intelligence, including Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla, and Sandisk.

Bitwise ATPs have a 0.15% methodology access fee, exclusive of trading fees and any fees charged by Glider for platform services. Eligible persons can access Bitwise ATPs via the Glider platform.

To learn more, visit bitwiseinvestments.com/crypto-funds/automated-token-portfolios

Select Quotes

Matt Hougan, CIO of Bitwise:

• “To paraphrase Doc Brown: Funds? Where we’re going, we don’t need funds.”
• “People ask me: What’s the advantage of letting people keep tokenized stocks in their own wallet? I like to invert the question: What’s the advantage of forcing them to give up custody in a traditional fund? ATPs give people a choice: direct token ownership plus professional-grade portfolio construction.”
• “ATPs create an infinite canvas for portfolio innovation. If someone wants exposure to a fast-emerging theme, instead of waiting months for an ETF to build and launch, they can access it now—with the tokens sitting in their own wallet the entire time. That speed and directness is what excites us.”

Antonio García Martínez, Head of Growth at Base:

• “Base is open, permissionless infrastructure. Anyone can build on it—including developers creating new kinds of onchain financial applications. What Bitwise and Glider are doing represents the future of onchain finance and is a good example of the composability that a public blockchain enables.”
• “A taxi driver in Argentina can now access the same institutional-grade investment portfolios that were previously the domain of professional wealth managers. That’s what tokenization enables: broader participation in global capital markets.”

Brian Huang, Co-Founder and CEO of Glider:

• “Finally, we have global access to the same institutional managers we respect in traditional finance, but now in digital assets. 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.”

Source: Bitwise Asset Management