Bitwise adds tokenized-stock portfolios to crypto wallets
Tech & Launches ·
The asset manager has launched Automated Token Portfolios (ATPs), a product that brings tokenized equity baskets directly into self-custody wallets on Base.
The rollout, confirmed via a post on Base's account, lets users hold portfolios of tokenized stocks backed 1:1 by real shares, without routing through a traditional brokerage interface. Because the underlying assets are issued on-chain, the portfolios carry DeFi composability, meaning they can plug into other on-chain protocols rather than sitting inert in a custodial account. Users retain self-custody of the tokens, a structural departure from how equity exposure is typically packaged and held.
The move extends Bitwise's pattern of wrapping traditional and crypto-native assets into accessible financial products. The firm, profiled in detail on Leviathan's Atlas page for Bitwise, is already known for its BITB and BHYP ETFs and the USCC tokenized carry fund, and has built a track record of pushing crypto- and equity-linked exposure into new distribution channels, from NYSE-listed ETFs to European ETPs on Deutsche Börse Xetra. ATPs represent a further step in that direction, moving tokenized equity exposure out of brokerage-only environments and into the wallets crypto users already hold.
The launch is corroborated by a second characterization of the product circulating alongside the announcement, describing ATPs as enabling one-to-one equity portfolios backed by real shares with DeFi composability and self-custody, matching the mechanics described in the Base post. Two distinct sources are tracking the launch, indicating early but limited independent confirmation beyond the initial announcement.
What remains unclear is which specific stocks or sectors the initial Automated Token Portfolios will cover, how shares are sourced and held to back the tokens 1:1, and what regulatory framework governs the offering given that it touches both tokenized securities and self-custodied wallet infrastructure. Also unaddressed is how liquidity and redemption will work if a user wants to convert the tokenized portfolio back into the underlying shares, and whether the product will expand beyond Base to other chains. Further detail on custody arrangements, eligible jurisdictions, and fee structure has not yet been disclosed.