AMC CEO Criticizes Robinhood Tokenized Stocks as Solana Platform Launches Alternative

AMC CEO Adam Aron publicly condemned Robinhood's tokenized stocks, labeling them contemptible and vile, which prompted a sharp retort from Robinhood CEO Vlad Tenev. The controversy highlights ongoing tensions regarding market structure and the history of AMC's APE units. Meanwhile, Backpack has launched a tokenized stock platform on the Solana network, offering an alternative to existing models.