Bitwise launches self-custodied tokenized stock portfolios with Coinbase

Bitwise has launched tokenized stock portfolios in partnership with Coinbase, according to Cointelegraph. The portfolios are designed to automatically rebalance Coinbase’s tokenized stocks, giving eligible non-US investors a way to maintain the assets in wallets they control themselves. The self-custody structure means investors do not have to rely on an externally managed wallet for holding the tokenized portfolio assets, while the automated rebalancing feature is intended to keep the portfolio composition updated. The launch links Bitwise’s portfolio-management offering with Coinbase’s tokenized stock infrastructure. Access is limited to eligible investors outside the United States, and the announcement does not provide further details on the portfolios’ holdings, fees or performance. The development adds another product format to the growing use of blockchain-based representations of traditional market assets.