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.

Tokenized stocks remain in users’ non-custodial wallets while Glider automatically adjusts holdings to track Bitwise’s published model portfolio weights.

The structure could also allow investors to use their tokenized holdings across Defi protocols, including potentially lending or borrowing against them.

From Magnificent 7 To AI And Robotics

Bitwise Chief Investment Officer Matt Hougan argues that tokenization could remove one of the traditional constraints of launching investment products, the time required to create and bring a fund or ETF to market.

The asset management firm plans to roll out its first three ATPs over the coming weeks.

The Bitwise Mag7X ATP will provide equal-weighted exposure to the Magnificent Seven, Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla, alongside SpaceX.

The Bitwise Robotics ATP will target companies involved in robotics and autonomous systems, while the Bitwise AI Leaders ATP will track companies at the forefront of AI.

Bitwise partnered with Superstate in mid-August to enable tokenized ownership of shares in select Bitwise funds, bringing blockchain-based ownership to ETFs.

The Bitwise Solana Staking ETF (NYSE:BSOL) is expected to be the first fund to offer the option.

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