Bitwise has launched Automated Token Portfolios, a non-custodial product that allows eligible users outside the United States in supported jurisdictions to replicate and rebalance rules-based portfolios of tokenized U.S. stocks from their own wallets.
The portfolios are designed by Bitwise Investment Manager and implemented through Glider, a platform for automated onchain portfolio management. Rather than buying into a pooled fund or transferring assets to an outside custodian, users hold the tokenized stocks in wallets they control while software follows Bitwise’s published model allocations and rebalancing rules.
The first portfolios focus on concentrated equity themes: the so-called Magnificent 7 technology companies alongside SpaceX exposure, plus baskets centered on robotics and artificial-intelligence leaders. Bitwise has set a 0.15% methodology access fee for the service, excluding trading costs and any fees charged by the platform or token issuers.
Bitwise described itself as a $9 billion crypto asset manager in its announcement. The release positions the product as an extension of its existing portfolio business into tokenized securities, where stock-linked assets can potentially be held, traded and used in decentralized-finance applications.
wallet-held tokens replace pooled portfolio structure
Automated Token Portfolios differ from conventional model-portfolio products in how holdings are stored. A traditional managed portfolio generally places assets with a broker, fund, adviser or custodian that executes trades and maintains the account. Under Bitwise’s structure, the tokenized stock positions remain in the user’s non-custodial wallet throughout the process.
That arrangement gives users direct control of the private keys associated with their holdings, but it also transfers responsibility for wallet security, transaction approvals and smart-contract interactions to the user. Losing access to a wallet or approving a malicious transaction can lead to permanent loss of assets, risks that are generally handled differently in brokerage accounts and registered funds.
The model portfolios are published allocations rather than discretionary accounts in which a manager can make bespoke decisions for each client. Glider’s role is to automate implementation, allowing a wallet to follow the stated allocation and rebalance when portfolio rules require it.
Brian Huang, co-founder and chief executive officer of Glider, is the partner executive associated with the product’s technical implementation. Matt Hougan, chief investment officer at Bitwise, described the launch in the company’s press release.
The structure gives Bitwise a way to distribute its portfolio methodologies without operating a conventional fund wrapper for each strategy. It also places tokenized equities alongside crypto-native tools such as self-custody and, where available, decentralized lending.
defi lending may add flexibility and risk
Bitwise said users may be able to lend the tokenized stocks or borrow against them through DeFi protocols, subject to applicable risks. In practice, such activity would depend on whether a specific token is supported by a lending protocol, the available liquidity, collateral requirements and the legal restrictions that apply to the user.
Borrowing against tokenized stock collateral can introduce risks beyond changes in the underlying share price. DeFi loans often require collateral ratios to remain above set thresholds. A decline in collateral value, a change in protocol parameters, or a disruption in the token’s market price can trigger liquidation if a borrower does not add collateral or repay debt quickly enough.
The use of tokenized stocks also creates a distinction between owning a conventional share through a brokerage account and holding a blockchain-based token designed to track or represent exposure to that share. Users need to understand the terms attached to the specific token, including who issues it, how redemption or settlement works, whether it carries shareholder rights, and what happens if transfers are restricted.
Automated rebalancing may also generate more transactions than a buy-and-hold approach. In some jurisdictions, each sale, swap or token transfer can have tax consequences. The product’s availability only to eligible non-U.S. users reflects the fragmented legal treatment of tokenized securities across markets.
bitwise extends its portfolio business onchain
The rollout follows a series of portfolio and DeFi initiatives by Bitwise in 2026. In January, the firm partnered with Morpho to expand its onchain offerings through curated, non-custodial vaults. In February, Bitwise introduced seven crypto portfolios for financial advisers, using systematic monitoring and rebalancing.
During the summer, Bitwise also made crypto model portfolios available to retail users through Parrot’s platform. Automated Token Portfolios add tokenized-stock strategies to that lineup, connecting an asset class associated with traditional public markets to portfolio automation built for self-custodied wallets.
The initial focus on large technology companies, SpaceX-related exposure, robotics and AI reflects the type of concentrated thematic strategies that have drawn strong interest in public-equity markets. Such baskets can simplify access to a theme, though they also concentrate performance risk in a narrow set of companies and sectors.
For users considering the portfolios, execution conditions will matter alongside the published allocation. Token liquidity, trading spreads, protocol fees and the reliability of the underlying smart contracts can affect results relative to a model’s stated weights. Self-custody offers direct control, while requiring users to manage the operational and security responsibilities that pooled investment products normally absorb.
Explore how tokenized assets work in practice by reading this tokenized equities guide next.
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