tokenized stocks

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.

.Coinbase will launch an in‑house prediction‑market platform powered by Kalshi, announced at its Dec. 17 “Coinbase System Update.” The partnership, non‑exclusive but sole at launch, aims to broaden Coinbase’s product suite amid waning crypto sentiment and competition from Robinhood, Gemini and Kraken. Integrating Kalshi’s hybrid on‑chain/off‑chain contracts offers high‑margin revenue and regulatory compliance via Kalshi’s CFTC‑registered status. Success depends on robust technology, regulatory navigation, and user demand for diversified assets such as tokenized equities and event‑based contracts.