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Fortune: Robinhood-AMC clash over tokenized shares marks start of blockchain equity era

  • —Robinhood buys shares and issues tokens with a financial claim on them through broker Alpaca
  • —Tokenized shares do not carry voting rights, unlike traditional securities
  • —Nasdaq invested $100 million in Payward, the parent company of Kraken
  • —The SEC is developing an innovation exemption for on-chain shares
Why it matters: Tokenizing shares could give global investors cheap access to U.S. equities, but requires legal regulation to protect against fraud.
Source: Fortune Crypto
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