Model portfolios for tokenized stocks

Automated Token Portfolios ("ATPs") are published, rules-based model portfolios designed by Bitwise Investment Manager, LLC ("Bitwise"). Each ATP determines the constituent assets and their weights according to a published methodology. ATPs are made available to eligible users through Glider, an independent platform operated by Glider Fi Inc., which has independently chosen to offer Bitwise-published model portfolios to its users pursuant to a commercial licensing arrangement. The arrangement between Bitwise and Glider is non-exclusive, and additional implementing platforms may be added in the future.

Not investment advice. Nothing on this page constitutes personalized investment advice, a recommendation to buy or sell any asset, or a determination that any ATP is suitable or appropriate for any person. Bitwise does not provide investment advice to users who select an ATP and does not make any suitability determination for any user.

No advisory relationship. Selecting an ATP does not create an advisory, fiduciary, or contractual relationship between you and Bitwise. Your contractual and service relationship is with the implementing platform (currently Glider), whose terms of service govern your use of the service and constitute your binding agreement with that platform.

No custody or discretion. Bitwise does not custody, hold, or control any user's assets; does not hold any private key, session key, or signing authority; and does not initiate, authorize, or execute any transaction in any user's wallet. All implementation and rebalancing is performed by the implementing platform through the session credentials you independently authorize.

Risk of loss. Digital assets and tokenized securities involve a high degree of risk, including the risk of total loss. An ATP is not a deposit, is not insured by any government or protection scheme, and there is no recovery mechanism. Past performance does not indicate future results. Bitwise makes no guarantee of returns, performance, or the absence of losses.

Tokenized-asset risk. Where an ATP provides exposure to tokenized stocks or other tokenized real-world assets, those tokens are issued by a third party (not Bitwise). Any backing, shareholder rights (including voting and dividends), and redemption rights depend entirely on the issuer's terms and structure and may be limited, conditional, or unavailable. Coinbase represents that its tokenized stocks are backed 1:1 by equity shares. Bitwise has not independently verified this claim and makes no representation regarding the backing, rights, or redeemability of any tokenized stock.

ADGM issuance structure. The tokenized stocks included in ATPs are issued by a Coinbase entity licensed in the Abu Dhabi Global Market (ADGM), a financial free zone in Abu Dhabi, United Arab Emirates, under the supervision of the ADGM Financial Services Regulatory Authority (FSRA). This issuance structure became operational in August 2026 and has not been tested through a market stress event, issuer default, or regulatory challenge. Your rights as a holder of tokenized stocks are governed by ADGM law and by Coinbase's terms and conditions and the applicable ADGM prospectus - not by U.S. securities law or any investor-protection framework applicable in the United States or your home jurisdiction. The tokenized stocks may be subject to vesting conditions that limit certain rights (including voting and redemption) until those conditions are satisfied. Dividends are automatically reinvested rather than paid in cash. To exercise redemption rights (i.e., to convert a tokenized stock back to the underlying share or its cash equivalent), a holder must have a brokerage or bank account capable of receiving the proceeds, subject to the terms set forth in the applicable prospectus. Coinbase has stated that it can freeze or seize tokens at the wallet level where required by law or regulation. Bitwise has not independently verified the legal structure underlying Coinbase's tokenized stock program, the nature or enforceability of the backing arrangement, the completeness of shareholder rights, or the ability of any holder to redeem tokenized stocks for the underlying shares.

Smart-contract and protocol risk. ATPs operate onchain through smart contracts. Smart contracts may contain undiscovered vulnerabilities despite auditing, and an exploit can result in partial or total loss. Onchain exploits can occur faster than any party can respond, and onchain transactions are generally irreversible.

Lending and leverage risk. If you independently choose to lend or borrow against assets held through an ATP, you take on additional risk including the risk of automatic liquidation at unfavorable prices. Any decision to lend or borrow is made at your own initiative and is not part of any Bitwise model portfolio.

Model portfolio updates. Each ATP reflects Bitwise's published allocation methodology, which is reconstituted periodically. Bitwise has no obligation to update, maintain, or continue publishing any model portfolio. If Bitwise publishes a reconstitution, implementation onchain is carried out by the implementing platform's infrastructure through the session credentials the user has authorized. Bitwise makes no guarantee as to the timing, accuracy, or completeness of any implementation.

No suitability determination. No person has made any determination that any ATP described here is suitable, appropriate, or consistent with your financial situation, investment objectives, or risk tolerance. You bear sole responsibility for that evaluation.

Glider and distribution partners. Glider operates the platform, controls execution and rebalancing infrastructure, and makes its own representations, disclosures, and terms. You should review Glider's Terms of Service, which constitute your binding agreement with Glider and govern your use of the service. Bitwise is not responsible for the operation, availability, or security of Glider, or for any representation made by Glider or any other implementing platform.

Regulatory uncertainty. The regulatory treatment of onchain model portfolios, tokenized assets, and decentralized finance protocols is evolving and unsettled. Changes in law, regulation, or guidance could affect the availability, structure, or tax treatment of any ATP.

Bitwise's registration status. Bitwise is registered with the U.S. Securities and Exchange Commission as an investment adviser. That registration relates to Bitwise's separately conducted advisory business (including ETFs, separately managed accounts, and other products) and does not mean that (a) the SEC has approved or endorsed any ATP, (b) Bitwise is acting as your adviser in connection with any ATP, or (c) any regulatory protections afforded to Bitwise's advisory clients extend to ATP users.

No offer or recommendation. Nothing on this page is an offer, solicitation, or recommendation by Bitwise to buy, sell, or hold any asset or to select any ATP, or a representation that any ATP is suitable for any person.

Eligibility. ATPs are available only to eligible persons outside the United States. ATPs are not available to U.S. Persons (as defined under Regulation S of the U.S. Securities Act of 1933).

This page is provided for informational purposes only. The availability of information about ATPs on this website does not constitute an offer or solicitation to any person in the United States.

ATP Terms of Service