Bitwise launches tokenized stock portfolios with Coinbase

Bitwise launched automated portfolios using Coinbase's tokenized US stocks. Eligible investors outside the United States can follow preset investment strategies while keeping the assets in non-custodial wallets. Glider handles trades and rebalancing for the model portfolios designed by Bitwise. The initial lineup includes the Mag7X strategy. It also includes a robotics strategy. It includes an AI leaders strategy. The portfolios include Apple, Nvidia, Microsoft, Tesla and SpaceX. Tokenized listed stocks total $2.49 billion, according to rwa.xyz. That total increased 5.18% over the past month. The market has 2.25 million holders. Monthly transfer volume is $27.28 billion. Bitwise sets the portfolio methodology. Bitwise charges a 0.15% methodology access fee. The fee excludes trading and Glider platform fees. Bitwise said users could use the individual tokens in DeFi applications for lending or borrowing. Those uses remain subject to the risks of the relevant protocols. Coinbase's tokenized US stocks went live on Base a day before the launch. Eligible non-US users can trade those assets around the clock. Users can also use the assets across DeFi applications.