Bitwise Asset Management has launched automated portfolios of Coinbase's tokenized US company stocks. They allow eligible non-US investors to follow preset investment strategies and hold assets in their own wallets.
According to an announcement published on Tuesday, the portfolios utilize Coinbase's recently launched tokenized stocks. The Glider service automatically rebalances users' assets to match Bitwise's model portfolios.
The initial lineup includes three strategies—Mag7X, Robotics & AI Leaders—featuring Apple, Nvidia, Microsoft, Tesla, and SpaceX.
The total market capitalization of tokenized public stocks has reached $2.49 billion, increasing by 5.18% over the last month. The number of holders is 2.25 million, with a monthly transfer volume of $27.28 billion. According to rwa.xyz data
Unlike a traditional fund, tokenized stocks remain in users' non-custodial wallets. Bitwise defines the portfolio construction methodology, while Glider handles the trades and rebalancing. Bitwise's fee for access to the methodology is 0.15%, excluding trading fees and the Glider platform fee.
Since users retain individual tokens, Bitwise stated they can be used in DeFi applications for lending or borrowing, subject to the risks associated with those protocols.
The launch occurred one day after Coinbase's tokenized US stocks began trading on the Base network. This allows eligible non-US users to trade the assets 24/7 and utilize them in DeFi applications.
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