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Robinhood CEO says public companies cannot control stock tokenization

Robinhood CEO Vlad Tenev said token holders do not receive voting rights, even though tokenized products are built around a company’s shares.

Reported · Written up by our desk · Equities

CNBC Markets reports that Robinhood CEO Vlad Tenev said public companies cannot control how their shares are tokenized into financial products.

Tenev made the point while discussing an escalating clash involving AMC, and he also acknowledged that token holders do not get voting rights tied to ownership.

Robinhood’s position, as described by CNBC Markets, centers on the idea that companies cannot direct the design of tokenized instruments that reference their stock.

The comments underscore the governance difference between holding tokenized exposure and having traditional shareholder voting power.

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