Bitwise launches tokenized stock portfolios for AI, robotics, and top tech companies
Bitwise introduces tokenized stock portfolios for non-U.S. investors
Bitwise, a crypto asset manager with $9 billion in assets, has launched Automated Token Portfolios (ATPs). These portfolios allow eligible non-U.S. investors to automatically replicate and rebalance professionally designed portfolios of tokenized U.S. stocks. Investors can hold these assets in their own wallets instead of handing them over to a fund manager.
The portfolios are built using Coinbase’s tokenized stocks and are managed through Glider, a platform for digital asset investments. This means the stocks are represented as digital tokens on a blockchain, a type of digital ledger that records transactions securely.
What the new portfolios include
- The portfolios focus on themes like the Magnificent 7 (a group of top U.S. tech companies), SpaceX, robotics, and leading artificial intelligence (AI) companies.
- Investors pay a 0.15% methodology access fee, which does not include trading or platform fees.
- The tokenized stocks remain in the investor’s non-custodial wallet at all times, meaning the investor retains full control over their assets.
- Because the assets are held in wallets, investors may have the option to lend or borrow against them using decentralized finance (DeFi) protocols, though this comes with risks.
What Bitwise and partners say
Matt Hougan, Chief Investment Officer at Bitwise, stated in a press release: "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. ATPs unlock a new way for people to access thematic exposures more quickly and precisely than many traditional structures."
Brian Huang, co-founder and CEO of Glider, added: "Finally, we have global access to the same institutional managers we respect in traditional finance, but now in digital assets. We're excited to give global investors better access to investment opportunities through onchain rails, which unlock capabilities that aren't available in a traditional brokerage account."
What is confirmed about the launch
- Bitwise has launched Automated Token Portfolios (ATPs) for eligible non-U.S. users in supported jurisdictions.
- The portfolios are powered by Coinbase’s tokenized stocks and implemented through Glider.
- The initial themes include the Magnificent 7, SpaceX, robotics, and AI leaders.
- The fee for accessing these portfolios is 0.15%, excluding trading and platform fees.
- Tokenized stocks remain in the investor’s wallet, allowing for potential DeFi activities like lending or borrowing.
What is still unclear
- The specific jurisdictions where these portfolios are available have not been detailed in the source material.
- It is not confirmed whether all tokenized stocks in the portfolios can be used in DeFi protocols, as this may depend on the protocols and applicable risks.
Why this matters for investors
This launch represents a shift in how investors can access professionally managed portfolios. Instead of transferring assets to a fund manager, investors can keep their assets in their own wallets while still benefiting from automated rebalancing and professional portfolio design. This could provide more flexibility and control, especially for those interested in using their assets in decentralized finance.
The focus on themes like AI, robotics, and top tech companies may also appeal to investors looking to gain exposure to these growing sectors through digital assets.
