Image Credit: Bitwise Investments
Key Takeaways
- The portfolios use tokenized stocks Coinbase launched on Base, with rebalancing handled by technology provider Glider following Bitwise’s investment models
- Unlike an ETF, the structure keeps individual shares in the investor’s own wallet rather than pooling them into a fund
- The initial lineup covers AI, robotics, and an expanded Magnificent Seven portfolio that adds SpaceX to the traditional seven-stock group
Bitwise said Monday it is offering automated portfolios of tokenized U.S. stocks, letting eligible investors outside the United States hold and rebalance baskets of equities directly in their crypto wallets.
The products, called Automated Token Portfolios, mark one of the first efforts to build portfolio-management tools on top of tokenized equities rather than simply replicating stock trading on a blockchain.
Portfolios Combine Coinbase’s Tokenized Shares With Automated Rebalancing
The Automated Token Portfolios use tokenized U.S. stocks that Coinbase debuted on the Base network a day earlier. Glider, a portfolio technology provider, handles the automatic rebalancing, following investment models designed by Bitwise. The products are available only to eligible investors outside the U.S.
The initial lineup includes portfolios focused on artificial intelligence, robotics, and an expanded version of the Magnificent Seven trade.
That portfolio equally weights Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla alongside SpaceX, a structure that adds one additional holding to the traditional seven-stock grouping.
Unlike an exchange-traded fund or another pooled investment vehicle, the structure keeps individual shares in the investor’s own crypto wallet rather than pooling assets inside a fund the investor does not directly hold. Software then adjusts the underlying token holdings to track Bitwise’s model portfolio over time.
Bitwise Frames the Structure as a Break From Traditional Fund Management
Bitwise Chief Investment Officer Matt Hougan described the product as a departure from how professional portfolio management has typically worked. Hougan said:
“For over a century, getting a professional model meant handing your assets to a fund.”
He added that the new structure lets investors keep assets in their own wallet while the investment model is applied directly to those holdings.
That distinction is central to what tokenized equities enable beyond simple stock trading. Rather than requiring investors to transfer ownership into a pooled structure, the arrangement applies a manager’s allocation model to shares the investor continues to hold individually.
Launch Follows Coinbase’s Push Into Tokenized Equities
Coinbase debuted tokenized versions of Apple, Nvidia, Meta and Alphabet shares on Base a day before Bitwise’s announcement. Coinbase has said additional tokenized stocks are coming but has not confirmed which equities will be added next.
Bitwise’s portfolio models offer an early indication of what could follow. In addition to the four stocks Coinbase has already tokenized, Bitwise’s models include Microsoft, Amazon, Tesla, SpaceX and Sandisk.
This suggests that the asset manager anticipates tokenized versions of those shares becoming available. Coinbase has not confirmed any of those additions.
Move Extends Bitwise Beyond Its Core Crypto ETF Business
The launch extends Bitwise beyond the cryptocurrency exchange-traded funds for which the $9 billion asset manager is best known.
The company has also moved recently into curating decentralized finance vaults, another form of managing assets directly on a blockchain rather than through a traditional fund wrapper.
Glider, the technology provider handling the rebalancing, has worked on similar tokenized-stock portfolio products before. Earlier this year, the company partnered with Ondo Finance to offer personalized portfolios built on Ondo’s own tokenized stock offerings, giving Glider experience with the rebalancing infrastructure ahead of its work with Bitwise.
Tokenization Push Signals a Broader Shift in Asset Management
The rollout reflects a broader pattern among asset managers exploring how tokenized securities can support new portfolio structures beyond conventional funds.
Rather than treating tokenization purely as a way to move stock trading onto blockchain rails, firms including Bitwise and Glider are testing whether automated, wallet-based portfolio management can operate as an alternative to pooled investment vehicles.
Whether that model gains meaningful adoption will likely depend on how many additional stocks Coinbase tokenizes and how quickly other portfolio managers build comparable products on the same infrastructure.
