Bitwise launches Automated Token Portfolios for eligible non-US users to replicate tokenized stock baskets

Bitwise Asset Management, which oversees roughly $9B in client assets, just rolled out a product that sounds like a robo-advisor got a blockchain makeover. Automated Token Portfolios, or ATPs, let eligible non-US users replicate institutionally designed model portfolios built entirely from Coinbase’s tokenized US stocks, all while keeping assets in their own self-custodial wallets.

Coinbase’s tokenized equities went live on its Base network around August 24, 2026, and Bitwise launched ATPs the very next day. Each ATP does not create an advisory or fiduciary relationship, functioning purely on a rules-based model.

What’s actually in the box

The initial lineup includes three thematic portfolios. The Mag7X ATP bundles the usual mega-cap tech suspects: Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, with the notable addition of SpaceX. A Robotics ATP leans into automation plays including Tesla and Nvidia. And an AI Leaders ATP concentrates on the artificial intelligence supply chain, featuring names like Nvidia and Microsoft.

Each portfolio uses equal-weighted exposure rather than market-cap weighting. The portfolios also include automatic rebalancing, adjusting when one holding drifts too far from its target weight without the investor lifting a finger.

The custody angle matters

The ATPs don’t create an advisory or fiduciary relationship between Bitwise and the investor. The firm designs the model portfolios, sets the rules, and walks away. Users hold their own tokens in their own wallets.

The underlying tokenized stocks are issued under the Abu Dhabi Global Market (ADGM) framework and backed 1:1 by real shares held in regulated custody. Coinbase’s tokenized stock infrastructure supports 24/7 trading and automatic dividend distribution.

Why non-US only

The restriction to eligible non-US persons reflects the regulatory reality of tokenized securities in America. The ADGM framework provides a regulatory environment friendlier to tokenized asset issuance, and operating outside US jurisdiction gives Bitwise and Coinbase room to experiment without navigating SEC oversight.

What to watch from here

The ATPs build on Bitwise’s earlier work with digital asset model portfolios launched in 2026, extending the firm’s reach from pure crypto allocations into tokenized traditional equities.

The risk side deserves attention. Self-custody means self-responsibility, and because no fiduciary relationship exists, investors who lose assets have limited recourse against Bitwise itself. ATP holdings could potentially be used as collateral in lending markets or deployed in yield strategies within DeFi protocols, adding layers of composability that don’t exist in traditional brokerage accounts.

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