Robinhood CEO Vlad Tenev Defends Tokenized Stocks Against AMC Criticism

Robinhood CEO Vlad Tenev stated that public companies cannot control the creation of financial products based on their stocks once they are publicly traded. Tenev argued that independent entities should be permitted to issue stock tokens backed by underlying assets without requiring permission from the issuing company. This response follows criticism from AMC CEO Adam Aron, who claimed that tokenized stocks bypass the issuer and undermine traditional shareholder relationships, as token holders lack voting rights.