Bitwise launches automated tokenized stock portfolios on Base with Coinbase

Bitwise Asset Management launched Automated Token Portfolios (ATPs) on August 25, 2026, allowing eligible non-U.S. investors to hold tokenized U.S. stocks directly in their self-custodied wallets on the Base network. The portfolios utilize Coinbase's tokenized stocks, which launched on August 24, 2026, and are rebalanced automatically by Glider. Only the Mag7X strategy is active at launch, holding Apple, Alphabet, Meta, and Nvidia tokens. The service is restricted to non-U.S. persons.

Bitwise Automated Token Portfolios launch

• ▪Bitwise Asset Management charges a 0.15% methodology access fee for the Automated Token Portfolios, with trading and platform fees charged separately.
• ▪Bitwise Asset Management launched Automated Token Portfolios on August 25, 2026, allowing eligible investors to hold tokenized stock portfolios in their own wallets.

Coinbase tokenized stocks on Base

• ▪The tokenized stocks used in Bitwise's portfolios are issued by a Coinbase entity licensed in the Abu Dhabi Global Market.
• ▪Coinbase launched tokenized versions of U.S. stocks on the Base blockchain network on August 24, 2026, providing the underlying infrastructure for Bitwise's portfolios.
• ▪Coinbase represents that its tokenized stocks are backed one-for-one by underlying shares, though Bitwise Asset Management has not independently verified this backing.

Self-custody wallet control structure

• ▪Because investors retain custody of the tokenized stocks in their own wallets, the assets can potentially be used in compatible decentralized finance applications.
• ▪Under the Automated Token Portfolios structure, investors retain direct custody of the tokenized stocks in their own non-custodial crypto wallets.

Mag7X portfolio composition

• ▪While Bitwise Asset Management announced three portfolio models, only the Mag7X strategy is active at launch, with the Robotics and AI Leaders portfolios marked as coming soon.
• ▪The Mag7X portfolio is designed as an equal-weighted strategy containing Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and SpaceX.
• ▪At launch on August 25, 2026, the active Mag7X strategy holds only Coinbase's four currently available stock tokens—Apple, Alphabet, Meta, and Nvidia—at 25% each.

Glider automated rebalancing technology

• ▪Glider implements portfolio changes through user-authorized session credentials, meaning neither Bitwise Asset Management nor Glider takes custody of the assets or holds private keys.
• ▪Glider provides the execution and automated rebalancing technology for Bitwise's Automated Token Portfolios, adjusting holdings when weights drift from target allocations.

Non-U.S. investor eligibility restrictions

• ▪Coinbase's underlying tokenized stocks on Base are restricted to eligible users outside the United States.
• ▪Access to Bitwise's Automated Token Portfolios is restricted to eligible non-U.S. persons in supported jurisdictions under Regulation S of the Securities Act of 1933.