Robinhood CEO says companies should not be able to veto stock tokens in AMC dispute

Robinhood CEO Vlad Tenev said Friday that public companies should not have the power to block stock tokens or other separate products that track their listed shares. In his post, Tenev drew a line between shareholder rights and market-tracking instruments tied to public equities. He said securities issuers should control shareholder rights, but not independent products linked to their publicly traded stock. The comments came in the context of an AMC-related dispute and add to the debate over how tokenized stock products should be treated when they mirror listed shares without conferring the same ownership rights. Tenev’s position, as described in the post, is that issuers retain authority over shareholder matters, while separate tracking products should not be subject to a corporate veto.