Bitwise and Coinbase launch tokenized stock portfolios for non-US investors
Bitwise and Coinbase introduce self-custodied tokenized stock portfolios
Bitwise Asset Management has launched automated portfolios of tokenized US stocks for eligible investors outside the United States. These portfolios allow investors to follow preset investment strategies while keeping the assets in their own digital wallets, rather than relying on a third party to hold them.
The portfolios use tokenized stocks recently introduced by Coinbase, a major cryptocurrency exchange. A service called Glider automatically adjusts the holdings to match model portfolios designed by Bitwise.
How the portfolios work
- Investors can choose from three preset strategies: Mag7X, robotics, and AI leaders.
- The portfolios include stocks like Apple, Nvidia, Microsoft, Tesla, and SpaceX.
- Unlike traditional funds, the tokenized stocks stay in the investor’s own wallet, not controlled by a company.
- Bitwise charges a 0.15% fee for managing the portfolio strategy, separate from trading or platform fees.
- Investors may also use these tokenized stocks in decentralized finance (DeFi) apps for lending or borrowing, though this carries risks.
What are tokenized stocks?
Tokenized stocks are digital versions of traditional stocks, like Apple or Tesla, that exist on a blockchain—a type of digital ledger. These tokens represent ownership of the underlying stock and can be traded or used in other financial applications.
According to data from rwa.xyz, the total value of tokenized listed stocks is $2.49 billion, with 2.25 million holders and $27.28 billion in monthly transfer volume. This market has grown 5.18% in the past month.
Why this launch matters for investors
The new portfolios allow non-US investors to access US stocks in a way that gives them direct control over their assets. Since the tokens remain in the investor’s wallet, they can be used in other blockchain-based financial services, such as lending or borrowing, if the investor chooses.
This launch follows Coinbase’s recent introduction of tokenized US stocks on its Base blockchain, which also targets non-US users. The ability to trade these assets 24/7 and use them in DeFi applications could make them more flexible than traditional stocks.
What is still unclear
The sources do not specify which countries or regions are eligible for these portfolios. It is also unclear how widely these tokenized stocks will be adopted or whether they will face regulatory challenges in different markets.
