Bitwise launches three automated portfolios using Coinbase tokenised US stocks. The new portfolios will let eligible investors hold tokenised stocks in non-custodial wallets while following set allocations. Glider will automatically rebalance holdings when they deviate from the model allocation Highlights * Three automated portfolios will roll out through Glider * The Mag7X portfolio includes seven major tech companies and SpaceX * Access is restricted to eligible non-US investors under Regulation S Bitwise has launched three automated portfolios of Coinbase tokenised stocks available to qualifying investors outside the US through self-custody and rebalancing at a 0.15 percent methodology fee. According to Bitwise's August 25 announcement, Automated Token Portfolios (ATPs) by Bitwise will enable qualifying users to copy professionally managed stock portfolios into their wallets. Developed by Bitwise Investment Managers, these models operate on the newly introduced tokenised US stocks of Coinbase. Glider is an independent platform that makes trades and rebalances the portfolio after the user logs in. The first three portfolios will become available through Glider over the coming weeks. Glider to handle trades and rebalancing for the new portfolio models. As per the announcement, the access fee on Bitwise Methodology is 0.15 percent and does not cover any fees incurred from transactions or charges from Glider for using its platform. An example of one such option is the Bitwise Mag7X ATP, where there is equal allocation between Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, along with privately owned SpaceX. Companies that will be included in the portfolio will hold equal-weighted positions in the Bitwise Robotics ATP. The companies for AI exposure according to the Bitwise AI Leaders ATP are Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla, and SanDisk. These are some of the companies that Bitwise has recognised as leaders in the AI technology arena. Unlike a typical fund, an ATP will have an indicated allocation, and not a pool of money managed by the asset manager as in the traditional fund. Glider will do the necessary trading and rebalance the wallet in case the holdings deviate from the Bitwise allocation. In this structure, the investors maintain the tokenised stocks in non-custodial wallets from start to finish. Bitwise does not own any assets, make trading decisions, or have control over an investor's account. "For over a century, getting a professional model meant handing your assets to a fund. ATPs mean you can keep the assets in your own wallet, and the model comes to you," Bitwise Chief Investment Officer Matt Hougan said. Despite the tracking companies that are listed on US stock exchanges, the ATPs and the Coinbase securities are available only to non-US eligible persons. Bitwise restricts access to the ATPs based on Regulation S of the Securities Act of 1933. The company stated that the products had not been registered for sale to people in the US. The registration of Bitwise as an investment adviser in the US is limited only to its advisory services and not to the ATP models. Recently, India also announced that the government is looking to launch its first tokenised corporate bonds in the form of an issue from REC worth less than Rs. 5 billion, using the digital rupee for settlement through blockchain technology. The state-backed power financing company REC will issue these bonds under an experiment being conducted jointly with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel. Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Cr... more" Search forOnePlus 13

Bitwise launches automated portfolios of tokenized stocks on Base network. The $9 billion asset manager is packaging tokenized US equities into thematic baskets for non-US investors, starting with the Magnificent 7 an hour ago Via fortune.com Sponsored: Lune.Fi - Lune.fi: Earn up to 29.5% APR on USDT, USDC, BTC, ETH Join Now 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. The tokenized shares themselves are issued through Coinbase's recently launched equities product on Base, with each token claimed to be backed 1:1 by the underlying stock. Bitwise is transparent about one important caveat: it does not independently verify Coinbase's backing claims. Investors are essentially trusting Coinbase's infrastructure and attestations on that front. Eligibility is restricted to non-US persons outside the United States. Onboarding happens through a non-custodial wallet, meaning Bitwise never takes possession of client assets. Why this matters for on-chain finance. Bitwise manages $9 billion in client assets, making it one of the larger crypto-native asset managers in the world. When a firm of that scale starts packaging tokenized equities into managed portfolios, it signals something beyond a novelty product launch. The 0.15% access fee positions ATPs aggressively against conventional alternatives. Most equity ETFs charge somewhere in that range for passive index tracking, but they don't offer the composability benefits of on-chain assets. The ability to use individual portfolio holdings as DeFi collateral, or to transfer them peer-to-peer without intermediaries, represents functionality that simply doesn't exist in legacy brokerage infrastructure. The competitive landscape and what to watch. What distinguishes Bitwise's approach is the combination of non-custodial ownership and automated management. Most tokenized asset products still require investors to trust a custodian or intermediary with their holdings. ATPs thread a needle by automating portfolio construction while leaving asset custody entirely with the investor. The risk factors are worth noting. Tokenized equities on Base are still relatively new, and the 1:1 backing model depends entirely on Coinbase's operational integrity and the legal frameworks supporting it. If Coinbase's tokenized shares ever faced a regulatory challenge or a backing discrepancy, ATP holders would be exposed to that risk directly. There's also the question of liquidity. Tokenized stocks need sufficient on-chain trading volume to support efficient rebalancing. If the Glider system needs to sell Tesla tokens and buy more Apple tokens to maintain equal weighting, it needs liquid markets on both sides of that trade. The geographic restriction to non-US investors also limits the addressable market, at least for now. US securities law makes domestic offering a considerably more complex undertaking. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.

Bitwise launches self-custodied tokenized stock portfolios with Coinbase. Bitwise's new portfolios automatically rebalance Coinbase tokenized stocks while allowing eligible non-US investors to keep the assets in their own wallets. Bitwise Asset Management has launched automated portfolios of Coinbase's tokenized US stocks that allow eligible investors outside the United States to follow preset investment strategies while keeping the assets in their own wallets. The portfolios use Coinbase's recently launched tokenized stocks, while Glider automatically rebalances users' holdings to match model portfolios designed by Bitwise, according to a Tuesday announcement. The initial lineup includes three strategies - the Mag7X, robotics and AI leaders - and include Apple, Nvidia, Microsoft, Tesla and SpaceX. Tokenized listed stocks now total $2.49 billion, up 5.18% over the past month, with 2.25 million holders and $27.28 billion in monthly transfer volume, according to rwa.xyz. Unlike a traditional fund, the tokenized stocks remain in users' non-custodial wallets, with Bitwise setting the portfolio methodology and Glider handling trades and rebalancing. Bitwise charges a 0.15% methodology access fee, excluding trading and Glider platform fees. Because users retain the individual tokens, Bitwise said the assets could also be used in DeFi applications for lending or borrowing, subject to the risks of those protocols. The launch comes a day after Coinbase's tokenized US stocks went live on Base, allowing eligible non-US users to trade the assets around the clock and use them across DeFi applications.