Bitwise launches an automated portfolio based on Coinbase tokenized stocks

Digital asset management company Bitwise announced the launch of a Tokenized Stock Automated Portfolio (ATP), allowing eligible investors to hold and automatically rebalance a basket of U.S. stocks directly in their crypto wallets. These products utilize tokenized U.S. stocks recently launched by Coinbase, with rebalancing executed by portfolio technology provider Glider based on a model designed by Bitwise, currently available only to qualified investors outside the U.S.

The first portfolios cover configurations focused on AI, robotics, and an expanded version of the "Big Seven" U.S. stocks, which includes weighted allocations to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, along with SpaceX. Bitwise Chief Investment Officer Matt Hougan stated that for over a century, accessing professional models meant handing assets over to funds, whereas ATP allows investors to keep their assets in their own wallets while the model actively seeks them out.

The announcement came a day after Coinbase launched tokenized stocks for Apple, Nvidia, Meta, and Alphabet on the Base network. Bitwise is an asset management company managing approximately $9 billion in assets and has recently ventured into on-chain asset management businesses such as DeFi treasury curation. Glider is a specialized firm in automated portfolios and earlier this year collaborated with Ondo Finance to provide personalized portfolios using its tokenized stock products.