Bitwise launches tokenized stock portfolios on Coinbase for non‑US investors

Bitwise announced the rollout of three Automated Token Portfolios (ATPs) that let eligible non‑U.S. investors copy professionally designed stock models using Coinbase‑issued tokenized U.S. equities. The portfolios are delivered through the Glider platform, which handles purchases and automatic rebalancing while users retain the tokens in non‑custodial wallets.

Portfolio themes and composition

The initial offerings are:

• Bitwise Mag7X ATP – equal‑weight exposure to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla and privately held SpaceX.
• Bitwise Robotics ATP – equal‑weight positions in companies involved in robotics and autonomous systems, including Tesla, Nvidia and Amazon.
• Bitwise AI Leaders ATP – equal‑weight exposure to Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla and Sandisk.

Each model publishes target allocations; Glider executes the necessary trades to keep wallet holdings aligned with those targets.

Self‑custody and fee structure

Investors keep the tokenized shares in their own wallets throughout the process. Bitwise does not hold the assets, initiate trades, or exercise discretion over individual accounts. The service charges a 0.15% methodology access fee, separate from any trading costs or platform fees collected by Glider.

Regulatory and eligibility notes

The ATPs are available only to eligible non‑U.S. persons in supported jurisdictions, as defined by Regulation S. U.S. investors are excluded, and the SEC has not reviewed or approved the models. The underlying tokenized stocks are issued by Coinbase Onchain SPV Ltd. in the Abu Dhabi Global Market, with each token backed one‑to‑one by a share held by Alpaca Securities.

Potential uses and risks

Because the tokens remain in compatible wallets, holders could potentially use them as collateral or interact with decentralized finance protocols, though Bitwise warns that lending or borrowing against the tokens carries additional risks, including possible liquidation.

Context within Bitwise’s on‑chain offerings

The ATP launch follows several 2026 initiatives, including a non‑custodial USDC lending vault, expanded crypto model‑portfolio services for advisers, and partnerships to record fund ownership on blockchain platforms.