Bitwise Launches Automated Token Portfolios on Base

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The firm announced the launch on Monday, and its inaugural portfolios will roll out over the coming weeks. Because the model lives on-chain, users keep custody while Bitwise simply publishes the rules.

How Automated Token Portfolios Work

For generations, a professional model portfolio required handing your assets to a fund. Automated Token Portfolios flip that arrangement, so the model comes to the assets instead.

Bitwise designs each methodology and publishes equal-weight target weights. Then Glider, an independent non-custodial platform, rebalances the holdings to match those weights. As a result, neither firm ever takes custody of user funds.

Glider executes trades through user-authorized session credentials, and the tokens never leave the user’s wallet. In other words, the automation runs inside your wallet rather than on a company balance sheet.

“For over a century, getting a professional model meant handing your assets to a fund,” said Bitwise CIO Matt Hougan. He added that ATPs let people keep the assets in their own wallet while the model comes to them.

Bitwise manages about $9 billion in assets, and it has published model portfolios before. Earlier in 2026, the firm ran models for crypto ETFs. So ATPs extend that playbook directly on-chain.

Three Themes Available at Launch

Bitwise opened with three equal-weight themes, and each targets a familiar cluster of large-cap names. Investors pick a theme, and the portfolio tracks it automatically.

The Bitwise Mag7X ATP holds Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, plus SpaceX. The Robotics ATP groups leaders such as Tesla, Nvidia, and Amazon. Meanwhile, the AI Leaders ATP spreads across Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla, and Sandisk.

Holdings can change over time, and not every name may be live at first availability. Still, the equal-weight design means no single stock dominates a basket.

Coinbase Tokens Power the Base Stack

The portfolios sit on top of Coinbase tokenized stocks, which went live on Base on 24 August. At first, the lineup covered AAPLc, NVDAc, METAc, and GOOGLc, with more names following.

According to reported data, the first four tokens drew about $4.55 million in combined on-chain value on day one. The same day, they saw roughly $10.8 million in 24-hour volume. NVDAc alone showed about 1,745 holders, and Aerodrome hosted the deepest pools.

Coinbase issues the tokens through Coinbase Onchain SPV Ltd under an ADGM framework. Authorized participants buy the shares, and the custodian Alpaca holds them 1:1 in a bankruptcy-remote structure. Therefore each B20 token carries a beneficial claim on a real share, according to Coinbase.

Because the tokens follow the B20 standard, they also work across Base DeFi. For example, holders can supply them as collateral on protocols such as Aave, Morpho, and Euler. That use stays subject to eligibility and protocol risk.

Fees, Access, and Eligibility

Bitwise charges a 0.15% methodology access fee for Automated Token Portfolios. That fee excludes trading costs and any separate Glider platform fees.

Access runs through Glider, and it is limited to eligible non-US persons under Regulation S. So investors in supported jurisdictions outside the United States can join, while US persons cannot.

Brian Huang, co-founder and chief executive of Glider, framed the launch as a bridge to traditional finance. He said the model finally opens global access to trusted managers on-chain.

“Finally, we have global access to the same institutional managers we respect in traditional finance, but now in digital assets,” Huang said.

Why Some Critics Remain Cautious

The launch lands inside a wider debate about tokenized equities, and not everyone is convinced. Critics argue that SPV-wrapped tokens are not the same as issuer-sponsored shares recorded on a company’s books.

Galaxy Digital research has flagged that many tokenized-stock products behave more like wrappers or trackers than direct equity. In addition, on-chain holders lack SIPC-style protection, and voting or redemption rights can be limited or conditional.

The wider market is still young, yet it has grown fast. It rose from about $30 million in early 2025 to the low billions by mid-2026. So far, Ondo and xStocks lead the field, and Coinbase now enters as a direct rival.

Notably, Bitwise itself says it has not independently verified Coinbase’s backing and rights claims. So users must weigh custody, counterparty, and protocol risk before committing funds. This article is not financial advice.

What Comes Next for ATPs

The inaugural Automated Token Portfolios roll out over the coming weeks, so real adoption data is still thin. For now, there is no ATP-specific TVL dashboard to track.

Several open questions remain, including the exact list of eligible jurisdictions and the redemption mechanics for the underlying tokens. Whether more platforms beyond Glider adopt the model will also shape how far ATPs spread.

If the tokenization stack holds up, the three firms will have shown one clear path forward. It keeps assets self-custodied while a professional model runs on top. So watch the coming weeks for the first live portfolios and their early flows.