Bitwise Launches Tokenized U.S. Stock Portfolios for Non-U.S. Investors

 

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.