Bitwise turns Coinbase's tokenized stocks into automated AI, robotics and tech portfolios

Digital asset manager Bitwise said it is offering automated portfolios of tokenized stocks, allowing eligible investors to hold and automatically rebalance baskets of U.S. equities directly in their crypto wallets.

The products, called Automated Token Portfolios (ATPs), use Coinbase's recently debuted tokenized U.S. stocks, with portfolio technology provider Glider handling the rebalancing based on models designed by Bitwise. They are available only to eligible investors outside the U.S.

The initial lineup includes portfolios focused on AI, robotics and an expanded version of the Magnificent Seven. The latter equally weights Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOG), Amazon (AMZN), Meta (META) and Tesla (TSLA) alongside SpaceX (SPCX).

Bitwise’s move marks an example of what firms can build on top of tokenized equities beyond simply recreating stock trading on blockchain rails.

Instead of buying into an ETF or another pooled fund via a brokerage account, investors keep the individual stocks in their crypto wallet while software adjusts the portfolio to follow a professional manager's model.