Bitwise Tokenized Portfolios Let Investors Hold Apple, Tesla in Self-Custody Wallets
Bitwise Asset Management is rolling out a new way to blend crypto wallets with Wall Street-style portfolio management, betting that investors want to hold stocks the same way they hold Bitcoin. The firm’s new Bitwise tokenized portfolios, branded Automated Token Portfolios or ATPs, let qualified investors outside the United States hold baskets of tokenized US equities directly in their own self-custodial wallets, with rebalancing handled automatically behind the scenes.
Key takeaways
- Bitwise launched Automated Token Portfolios (ATPs), combining self-custodial wallets with professionally managed equity strategies built on Coinbase’s tokenized US stocks.
- Three strategies debut at launch: an AI industry leaders portfolio, a robotics-focused portfolio, and Mag7X, which equally weights Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and SpaceX.
- Glider, previously partnered with Ondo Finance on tokenized equity portfolios, handles the actual rebalancing and execution, while Bitwise charges a 0.15% methodology access fee separate from trading costs.
- Investors keep individual ownership of the tokens in non-custodial wallets rather than pooling assets into a fund, meaning holdings can also be used in DeFi lending and borrowing.
- ATPs are limited to qualified investors residing outside the US, a restriction that shapes who can actually access the product.
Bitwise Launches Automated Token Portfolios Integrating Tokenized US Equities
Bitwise’s ATPs mark an attempt to remove one of the oldest frictions in professional investing: handing your money to someone else to manage it. For more than a century, tapping into a managed investment strategy meant transferring assets into a fund structure. Bitwise’s Chief Investment Officer, Matt Hougan, framed the shift bluntly: “ATPs enable you to retain ownership in your personal wallet while the investment model is delivered directly to you.”
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