Bitwise Rolls Out Self-Custodied Tokenized Stock Portfolios on Base
Bitwise has launched Automated Token Portfolios (ATPs), a new offering that allows eligible investors outside the United States to hold tokenized stock portfolios in self-custodied wallets on Coinbase’s Base network, according to The Defiant.
The product debuted on Tuesday with a single active strategy, Mag7X, which holds four Coinbase-issued tokenized stocks, The Defiant reported. Two additional Bitwise portfolio models are listed as “coming soon” but are not yet operational.
Rather than requiring investors to manually manage rebalancing, the portfolios are automatically kept in alignment through a system called Glider, per the report. This automation is designed to maintain the intended allocation of the underlying tokenized equities without requiring holders to actively trade or adjust their positions.
By building the product on Base, Bitwise is enabling direct wallet custody of the tokenized shares rather than requiring investors to hold assets through a centralized intermediary. The Defiant noted that access is currently limited to investors outside the U.S. who meet eligibility requirements, reflecting the regulatory constraints that continue to shape tokenized securities products.
The launch adds to a growing set of offerings from asset managers and exchanges seeking to bring traditional equities on-chain. Coinbase has issued the tokenized stock tokens underpinning the Mag7X strategy, positioning the exchange as an infrastructure provider for tokenized equity products built on its Base network.
The Defiant’s report did not disclose specific fee structures, minimum investment thresholds, or a timeline for when the two pending Bitwise strategies might become active. Further details on eligibility criteria and the scope of the Mag7X portfolio’s four constituent stock tokens were also not included in the original report.
Based on reporting by thedefiant.io.
