Bitwise launched Automated Token Portfolios on Base on Tuesday, giving eligible non-U.S. investors a way to hold Coinbase-issued tokenized stocks directly in their own wallets. The Mag7X product, currently the only active strategy, replicates an equal-weighted portfolio of major tech stocks with a 0.15% fee and an additional 10% incentive provided by Coinbase. Portfolio rebalancing is handled by Glider through session credentials authorized by the user, with neither Bitwise nor Glider holding any private key. The tokens are issued by a Coinbase entity licensed in Abu Dhabi Global Market and are accessible only to non-U.S. persons in eligible jurisdictions.
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