Bitwise Asset Management is pushing deeper into tokenization with the launch of Automated Token Portfolios (ATPs), the asset manager announced on Tuesday.
Own Your Assets Through ATPs
Bitwise, which manages $9 billion in client assets, said its new ATPs, will use Coinbase’s (NASDAQ:COIN) tokenized U.S. stocks, with portfolio implementation and automatic rebalancing handled by Glider.
It will enable eligible investors outside the U.S. to automatically replicate professionally designed portfolios of tokenized stocks while retaining custody in their own wallets, according to an official press release.
Unlike traditional funds, investors don’t transfer their assets into a pooled investment vehicle.
