Bitwise launches self-custodied tokenized stock portfolios with Coinbase
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bitwise Asset Management has introduced automated portfolios featuring Coinbase’s tokenized US stocks, enabling eligible investors outside the US to follow preset investment strategies while keeping assets in their non-custodial wallets. The portfolios are managed by Glider, which automatically rebalances holdings to match model portfolios designed by Bitwise. The initial offerings cover three strategies including Mag7X, robotics, and AI leaders, featuring stocks such as Apple, Nvidia, Microsoft, Tesla, and SpaceX.
Why it matters
This development allows investors to retain control of their individual tokenized stocks in non-custodial wallets while participating in managed portfolio strategies, differentiating these from traditional funds. Additionally, holding tokenized stocks could enable their use in DeFi applications for lending or borrowing, expanding potential utility beyond simple investment. The launch follows Coinbase’s release of tokenized US stocks on the Base platform, which enables trading around the clock and DeFi use for eligible non-US users.
Key context
Coinbase recently launched tokenized US stocks, with the total market size reaching $2.49 billion and over 2.25 million holders. Tokenized stocks offer users the ability to trade and hold stocks as blockchain tokens, enhancing accessibility and interaction with decentralized finance (DeFi). Bitwise’s role is limited to setting portfolio methodologies and charging a 0.15% access fee, while Glider automates trading and rebalancing.
Key numbers and entities
Bitwise Asset Management, Coinbase, Glider, Apple, Nvidia, Microsoft, Tesla, SpaceX, Mag7X strategy. Tokenized stocks total $2.49 billion, with 2.25 million holders and $27.28 billion in monthly transfer volume according to rwa.xyz. Bitwise charges a 0.15% methodology access fee.
What remains unclear
The source does not specify which regions or countries outside the US are eligible for these portfolios, the detailed fee structure beyond the 0.15% methodology fee, or the specific risks associated with using tokenized stocks in DeFi protocols. It also does not clarify how regulatory frameworks might impact these tokenized stock portfolios.