Robinhood CEO says companies shouldn't get veto over stock tokens in AMC feud
In a post on Friday, Vlad Tenev said securities issuers should control shareholder rights, but not separate products that track their publicly traded shares.
In a post on Friday, Vlad Tenev said securities issuers should control shareholder rights, but not separate products that track their publicly traded shares.
Tenev told CNBC’s “Squawk Box” on Wednesday that public companies shouldn’t have veto power over third-party securities that reference their shares.
Adam Aron said synthetic AMC shares could divert demand from the actual stock and strip investors of shareholder rights, drawing support from some tokenization executives.