Exchanges· ★★★· neutral·

Robinhood CEO: tokenized stock issuance needs no issuer consent

  • —Robinhood's stock tokens are issued through a third party and backed 1:1 by underlying shares
  • —The product provides exposure to stocks and ETFs without changing the issuer's capital structure
  • —Tenev: moving on-chain should not give issuers a new veto right
  • —AMC CEO Adam Aron said on the 4th that AMC is not involved with the product
Why it matters: The dispute sets a precedent for the tokenized stock market: it will determine whether brokers can issue such products without issuer approval.
Source: Bloomingbit
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