Bitwise Launches Tokenized Stock Portfolios Powered by Coinbase

Bitwise Asset Management is pushing deeper into tokenization by launching Automated Token Portfolios (ATPs), a new product that allows investors to own and trade tokenized stocks without transferring their assets into a pooled investment vehicle. The ATPs will use Coinbase's tokenized U.S. stocks, with portfolio implementation and automatic rebalancing handled by Glider.

Unlike traditional funds, users don't transfer their assets into a pooled investment vehicle. Tokenized stocks remain in users' non-custodial wallets while Glider automatically adjusts holdings to track Bitwise's published model portfolio weights.

The structure could also allow investors to use their tokenized holdings across Defi protocols, including potentially lending or borrowing against them.