Key facts
- Bitwise Asset Management has launched automated portfolios of tokenized US stocks.
Bitwise Asset Management has introduced automated portfolios of tokenized US stocks from Coinbase, allowing eligible non-US investors to maintain self-custody of their assets. The portfolios utilize Coinbase's tokenized stocks and are rebalanced by Glider to follow Bitwise's investment strategies.
This launch represents an expansion of tokenization into traditional equity markets, offering investors greater control and potential integration with decentralized finance protocols, while also highlighting the growing infrastructure for tokenized assets.
Bitwise Asset Management has introduced new automated portfolios featuring tokenized US stocks from Coinbase. These portfolios are designed for eligible investors outside the United States, enabling them to follow specific investment strategies while retaining self-custody of their assets in non-custodial wallets. The system utilizes Coinbase's recently launched tokenized stocks, with Glider managing the automatic rebalancing to align with Bitwise's model portfolios. The initial offerings include strategies focused on the 'Mag7X' stocks, robotics, and AI leaders, featuring companies such as Apple, Nvidia, Microsoft, Tesla, and SpaceX. This development comes as the total market value of tokenized listed stocks reaches $2.49 billion, with significant monthly transfer volumes and millions of holders. Unlike traditional funds, these tokenized assets remain in users' wallets, offering potential utility in DeFi applications for lending or borrowing, albeit with associated protocol risks. Coinbase's tokenized US stocks recently became available on the Base network, facilitating round-the-clock trading for eligible non-US users and integration with DeFi.