Bitwise Brings Professional Stock Portfolios Onchain With Tokenized Equities

Bitwise Asset Management is bringing professionally designed investment strategies directly onchain with a new product that lets eligible investors outside the U.S. automatically replicate portfolios of tokenized U.S. stocks while retaining custody of their assets.

The crypto asset manager announced the launch of Automated Token Portfolios (ATPs) on Aug. 25. The portfolios combine Bitwise's investment methodologies with Coinbase's tokenized U.S. stocks, while Glider's technology automatically rebalances holdings in investors' wallets according to Bitwise's published portfolio weights.

The product is initially available only to non-U.S. persons in eligible jurisdictions outside the U.S.

Moving portfolio management into the wallet

Unlike traditional investment funds, ATPs do not require investors to transfer their assets into a pooled vehicle or hand custody to a fund sponsor.

Instead, the tokenized stocks remain in investors' non-custodial wallets, while Glider's platform automatically adjusts the holdings to maintain their alignment with Bitwise's model portfolios.

"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 Chief Investment Officer Matt Hougan said.

The structure separates portfolio methodology from custody. Bitwise determines the composition and weighting of each model, while the onchain infrastructure applies those allocations directly to assets held by investors.

That also creates potential use cases beyond portfolio management. Because the tokenized stocks remain in investors' wallets, they may be eligible for use in decentralized finance applications, including lending or borrowing against the holdings. Such activity remains subject to applicable risks, including the possibility of full liquidation.

Bitwise targets AI, robotics and major technology companies

Bitwise's inaugural ATPs will roll out in the coming weeks and target several investment themes.

The Bitwise Mag7X ATP will provide equal-weighted exposure to eight companies: Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla and SpaceX.

The Bitwise Robotics ATP will provide equal-weighted exposure to companies involved in the design, manufacture and deployment of robotics and autonomous systems, including Tesla, Nvidia and Amazon.

The Bitwise AI Leaders ATP will focus on companies involved in artificial intelligence, including Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla and Sandisk.

Bitwise will charge a 0.15% methodology access fee, excluding trading fees and any charges imposed by Glider for its platform services.

Eligible investors can access the ATPs through the Glider platform.

Tokenization moves beyond individual assets

The launch illustrates a broader shift in how tokenization can be used in financial markets.

Much of the focus on tokenized real-world assets has centered on putting individual securities such as stocks, bonds and funds on blockchain networks. Bitwise's ATPs add another layer by using tokenized securities as the underlying components of automated investment strategies.

Rather than packaging a strategy inside a traditional pooled investment vehicle, the model can be applied directly to assets held in an investor's wallet.

That could give asset managers a different way to distribute investment strategies while preserving investor-level custody and making portfolio adjustments programmable through onchain infrastructure.

For Bitwise, the launch also extends its broader push into onchain financial products. The firm has previously developed non-custodial crypto investment products and professionally managed model portfolios.

The ATP structure, however, applies that portfolio-management approach to tokenized traditional securities, bringing conventional equity exposure into an onchain environment.

Bitwise said it has approximately $9 billion in client assets. Its launch of ATPs places the firm at the intersection of traditional asset management and the emerging market for tokenized securities.

The development points to a broader evolution in tokenization: blockchain infrastructure is increasingly being used not only to represent traditional assets digitally, but also to automate how those assets are packaged, managed and used within financial markets.