Robinhood CEO opposes blocking stock-linked token issuance

Robinhood CEO Vlad Tenev stated that listed companies cannot prevent third parties from issuing tokenized products linked to their shares, responding to AMC Entertainment CEO Adam Aron's request to halt Robinhood's AMC stock-linked token offering. Tenev emphasized that while companies should manage shareholder rights, they should not control the lawful use of shares once investors own them. He clarified that Robinhood's stock tokens are distinct financial products backed one-to-one by actual shares, though token holders are not listed on a company's shareholder registry and only have economic exposure. Aron previously criticized Robinhood's AMC stock token as a fictional synthetic stock market and suggested he could escalate the issue to the U.S. SEC if necessary.

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