Bitwise has introduced Automated Token Portfolios (ATPs), letting eligible non-U.S. investors hold and automatically manage baskets of tokenized stocks directly in their own wallets. The offering combines Bitwise's portfolio design, Coinbase's tokenized stocks and automation from Glider, and it launches with three initial portfolios.
Bitwise Moves Stock Portfolios Into Crypto Wallets
Bitwise is taking a different route into tokenized equities, launching model portfolios that live directly inside investors' crypto wallets rather than inside a traditional fund. The new Automated Token Portfolios, or ATPs, are designed by Bitwise, use Coinbase's tokenized stocks as the underlying assets, and run through Glider, with investors keeping custody throughout.
Chief Investment Officer Matt Hougan described the mechanics in a video announcing the product. According to Hougan: "For one, you can be more precise." Hougan said traditional funds and ETFs often have requirements to hold 10, 20, 30, 40 stocks, while a tokenized portfolio can hold just a handful of names. The products are available only to non-U.S. persons in eligible jurisdictions.
Three Portfolios Target Mega-Caps, Robotics and AI
Bitwise is launching three initial portfolios. The Mag7X ATP gives equal-weighted exposure to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla and SpaceX. The Robotics ATP focuses on companies building humanoid robots, autonomous vehicles and warehouse automation, including Tesla, Nvidia and Amazon. The AI Leaders ATP covers Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla and Sandisk.
Custody Sets ATPs Apart From ETFs
Unlike an ETF, where investors own shares in a pooled vehicle, ATP users hold the individual tokenized stocks directly, and Glider adjusts the portfolio without taking control of the assets. As a result, Hougan said the setup creates additional possibilities because the securities are designed to trade around the clock, with potential for lending and margin use where available.
Bitwise framed the launch as a reversal of its earlier strategy: its ETFs helped bring crypto assets into traditional finance, while ATPs instead bring institutional portfolio construction into crypto-native wallets. If the model gains traction, tokenization may begin changing how investment products are assembled and distributed, not just how securities trade.
Source: Bitcoin News
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