Bitwise Asset Management just made it possible for non-US investors to hold a self-rebalancing portfolio of tokenized US stocks directly in their own crypto wallets. The firm’s new Automated Token Portfolios, or ATPs, went live on August 25, offering thematic equity baskets built on top of Coinbase’s tokenized shares infrastructure on Base.
The first offering is an equal-weighted basket of the Magnificent 7 tech giants, branded Mag7X, alongside separate portfolios focused on robotics and AI leaders. All for an access fee of 0.15%, plus trading and platform costs.
How the portfolios actually work
The mechanics here are worth unpacking. Unlike a traditional ETF or fund where investors hold shares in a pooled vehicle, ATPs deposit individual tokenized shares directly into a user’s non-custodial wallet. The investor owns discrete tokens representing Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, not a synthetic wrapper around them.
Automated rebalancing is handled by Glider’s technology, which periodically adjusts holdings to maintain the portfolio’s target weights. Instead of sitting inside a brokerage account, assets live on-chain where they can theoretically be used as collateral in DeFi lending and borrowing protocols.
