Bitwise Asset Management, the global crypto asset manager, has launched an automated token portfolio (ATP) that allows non U.S. investors to align their tokenized stock portfolios with Bitwise’s published model portfolios.

 

The portfolio, developed in partnership with Coinbase and Glider, allows investors to maintain full custody of their portfolio assets, eliminating the need to constantly transfer their assets to a pooled vehicle or place them in the hands of a fund sponsor.

 

"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," said Matt Hougan, CIO of Bitwise. "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."

 

Since the stocks will remain in users’ wallets under their control, investors will be able to use them for other yield bearing opportunities, including lending or borrowing against them through DeFi protocols. However, investors will be responsible for any associated risks.

 

According to Bitwise, the tokenized portfolio will be rolled out in the coming weeks and will provide investors with broad exposure to a variety of stocks, which will be categorized into three distinct portfolios.

 

These include the Mag7X ATP, which provides exposure to the seven largest U.S. technology companies, and the Robotics and AI Leaders ATP, which will provide exposure to leading AI and robotics companies.

 

Bitwise’s launch of its automated tokenized portfolio comes at a time when crypto exchange Coinbase has also launched tokenized stocks of Nvidia, Apple, Meta, and Alphabet on Base. The tokenized stocks, which are supported by about 50 protocols, including Aave, Morpho, and Euler, will only be made available to eligible users outside the United States.

 

Uphold, the multi asset digital trading platform, has launched a new equities service that allows its U.S. customers to access more than 4,000 U.S. stocks and ETFs directly through the Uphold platform.

 

Image credit: x.com

 

The launch, which builds on Uphold's vision of becoming a comprehensive all in one multi asset financial platform, gives users access to both traditional investments and digital assets within a single platform, allowing them to manage both asset classes in one place.

 

"People want one app for all of their investing, including crypto," said Nancy Beaton, President of Uphold U.S. "Equities on Uphold is designed to make that real. Uphold customers can now sell Bitcoin to buy Berkshire Hathaway shares in a single step on the app, without clunky currency conversions or the need to transfer funds between stablecoins and cash balances."

 

Compared with other platforms that may require users to convert between fiat currencies and cryptocurrencies or move funds across multiple platforms, Uphold provides a frictionless experience that allows users to trade seamlessly between supported crypto assets, U.S. stocks, and ETFs within a single platform.

 

According to the Uphold team, users can access all of these services without paying any Uphold commissions. They can also purchase fractional shares for as little as $5.

 

Although Uphold's fractional U.S. stocks and ETFs are currently available only during standard U.S. market hours, typically from 9:30 a.m. to 4:00 p.m. ET, Monday through Friday, the company plans to expand trading availability to around the clock during the Monday through Friday trading week.

 

The launch of Uphold's U.S. equities service coincided with the launch of tokenized U.S. stocks and perpetual markets by Arcus, a decentralized exchange built by the dYdX team, on the Robinhood Chain.

 

The offering includes more than 95 leading U.S. stocks, including Nvidia, Apple, Tesla, Microsoft, Meta, and Amazon, which will be available for trading around the clock on the Robinhood Chain. Although the perpetual market remains in beta, it includes products from more than 35 markets spanning U.S. equities, commodities, cryptocurrencies, and indices.