Bitwise launched Automated Token Portfolios (ATPs) on Tuesday, giving eligible investors outside the U.S. a way to hold Coinbase-issued tokenized stocks directly in their own wallets on Base while Glider automatically keeps the holdings aligned with Bitwise’s model.

The product extends Coinbase’s tokenized-stock rails, which went live Monday with four technology stocks, from individual assets into a rules-based portfolio. Bitwise selects the constituents and target weights, while Glider handles execution and rebalancing. Bitwise says neither company takes custody of the tokens during that process.

Only Mag7X Is Active at Launch

Although Bitwise announced three models, Glider’s Bitwise page marks only Mag7X as active. The Robotics and AI Leaders portfolios are listed as coming soon. Mag7X is designed to equal-weight Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla and SpaceX.

At launch, however, the live Mag7X strategy contains only Coinbase’s four currently available stock tokens — Apple, Alphabet, Meta and Nvidia — at 25% each. Glider says the remaining companies will be added as Coinbase tokenizes them and will be reflected in users’ portfolios.

Glider lists a 0.15% fee for the live strategy. The portfolio page also says Coinbase is providing an additional 10% incentive that accrues to the strategy.

Rebalancing does not give Bitwise control of a user’s wallet. Bitwise says Glider implements changes through session credentials authorized by the user, while Bitwise holds no private key, session key or signing authority and does not initiate transactions.

Access is limited to non-U.S. persons, as defined under Regulation S of the Securities Act of 1933, in eligible jurisdictions. Coinbase’s tokenized stocks went live on Base a day earlier and are also restricted to eligible users outside the U.S.

The tokens are issued by a Coinbase entity licensed in Abu Dhabi Global Market. Bitwise’s disclosure says Coinbase represents that the tokens are backed one-for-one by shares, but Bitwise has not independently verified the backing, shareholder rights or redemption terms. Holder rights are governed by Coinbase’s terms, the applicable ADGM prospectus and ADGM law, according to Bitwise.