AMC chief criticizes Robinhood’s tokenized stock plan
AMC CEO Adam Aron criticized Robinhood’s tokenized stock products that give economic exposure to AMC shares, saying AMC has no affiliation with them and will have outside securities counsel investigate. He called the offering “outrageous” and said the tokens are not registered under U.S. securities laws. Aron also said they may not be available to U.S. investors and face restrictions in jurisdictions including Canada, Switzerland, and the UK. The comments add to broader scrutiny of tokenized stocks, which track traditional shares via blockchain. Robinhood’s CEO asked Aron to specify his concerns, but the company has not made a public statement. Robinhood has been expanding tokenized assets through its stock tokens and plans for a tokenization-focused Ethereum layer-2 network.
