Bitwise Launches Tokenized Stock Portfolios Backed by Coinbase, Glider

Crypto asset manager Bitwise has launched a tokenized stock portfolio product that users can manage directly from their crypto wallets.

Cointelegraph reported on Aug. 25 that Bitwise introduced Automated Token Portfolios, applying portfolio management methods typically used for institutional investors.

The product builds portfolios with tokenized stocks and is designed to let users hold and manage them directly in their crypto wallets without using a traditional financial account.

The infrastructure is supported by Coinbase, the U.S. crypto exchange, and Glider, an on-chain asset management platform. Bitwise said the offering is intended to bring institution-grade portfolio strategies to an on-chain environment.