Eligible users can now hold tokenised stock portfolios in their wallets that align with Bitwise-designed models.
Crypto asset manager Bitwise Asset Management has launched Automated Token Portfolios (ATPs), which are institutionally designed portfolios of tokenised stocks that users can replicate in their wallets.
The ATPs are powered by Coinbase’s tokenised US stocks and implemented by Glider’s technology, which automatically rebalances wallet holdings to keep them aligned with Bitwise’s published model portfolio weights.
The new product from Bitwise benefits users by allowing tokenised stocks to remain in investors’ non-custodial wallets with no transfer of custody required. Since the assets stay in the wallets of investors, they can also be used as collateral for lending or borrowing on decentralised finance (DeFi) protocols.
Matt Hougan, CIO of Bitwise, said: “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 three ATPs will roll out in the coming weeks: the Bitwise Mag7X ATP, offering equal-weighted exposure to the Magnificent Seven plus SpaceX; the Bitwise Robotics ATP, covering leaders in robotics and autonomous systems such as Tesla; and the Bitwise AI Leaders ATP, covering AI innovators such as Nvidia.
Brian Huang, Co-Founder and CEO of Glider, commented: “We’re excited to give global investors better access to investment opportunities through on-chain rails, which unlock capabilities that aren’t available in a traditional brokerage account.”
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