AMC CEO

Robinhood CEO Vlad Tenev defended the brokerage’s tokenized stocks, asserting issuers lose control over derivative products once shares go public. This contradicts AMC CEO Adam Aron’s opposition, who argues tokenization bypasses corporate consent. Tenev stated Robinhood offers a “technology-neutral financial wrapper,” allowing other firms to innovate with shares without issuer permission. While token holders lack voting rights, Tenev remains vague on how Robinhood manages those associated with the collateralizing shares. This highlights a conflict between traditional finance and digital assets, with ongoing regulatory and governance implications.