AMC’s chief executive said the company will not consent to Robinhood’s stock tokens being offered in the United States, according to TheDefiant. The report says Robinhood’s offshore stock tokens do not grant shareholder rights. It also notes that a new U.S. trading framework from the Securities and Exchange Commission gives issuers a limited ability to object. The development puts the question of issuer approval at the center of how tokenized equities could be handled in the U.S. market, even as offshore products remain structurally different from direct share ownership.
AMC’s CEO said the company will not consent to Robinhood stock tokens in the United States.
According to TheDefiant, Robinhood’s offshore tokens do not convey shareholder rights. The report also says the Securities and Exchange Commission’s new U.S. trading framework gives issuers a limited right to object.
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