Robinhood CEO confirms companies shouldn't get veto over stock tokens in AMC feud
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Robinhood CEO Vlad Tenev sharpened his defense of stock tokens late Friday, arguing that public companies should not be able to block third parties from creating blockchain-based products tied to their shares.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- The comments, posted on X, add another chapter to Tenev's feud with AMC Entertainment CEO Adam Aron, who has demanded Robinhood stop offering tokens linked to AMC shares
- Robinhood CEO Vlad Tenev sharpened his defense of stock tokens late Friday, arguing that public companies should not be able to block third parties from creating blockchain-based products tied
- Aron has called Robinhood's product a “fictitious synthetic equity market” and argued that it could weaken AMC's ability to raise capital, confuse investors about their rights and create a market
Summary
Robinhood CEO Vlad Tenev said public companies should not be able to block stock tokens that provide exposure to their shares without changing shareholder rights. The argument pushes back on AMC CEO Adam Aron, who has demanded Robinhood stop offering AMC-linked tokens and threatened to raise the issue with the SEC. The clash highlights a wider debate over whether stock tokens are actual shares or separate financial products and what rights investors get when they buy them. The comments, posted on X, add another chapter to Tenev's feud with AMC Entertainment CEO Adam Aron, who has demanded Robinhood stop offering tokens linked to AMC shares.