Robinhood CEO Claps Back At AMC Chief As Stock Tokenization Debate Heats Up — Says Companies Should Control Share Rights, Not 'Every Lawful Use'
-
Tenev said in a post on X on Saturday that "A company should control the rights attached to its shares—not every lawful use of those shares once they're in investors' hands."
-
Tenev reiterated that Robinhood Stock Tokens are separately issued, 1:1-backed instruments that provide exposure to underlying shares without altering issuers' cap tables or shareholder rights.
-
Aron has called the practice of stock tokenization "abhorrent" and said it ran counter to the ethos of share ownership.
Robinhood Markets Inc. (HOOD) CEO Vlad Tenev and AMC Entertainment Holdings (AMC) CEO Adam Aron have been at loggerheads in recent weeks over stock tokenization.
Stock tokens are digital representations on a blockchain that track the price and provide economic exposure to real-world company stocks.
Tenev said in a post on X on Saturday that "A company should control the rights attached to its shares—not every lawful use of those shares once they're in investors' hands."
"Going onchain shouldn't give the issuer a veto it never had offchain. And issuers ce...