Robinhood CEO Vlad Tenev says public companies cannot control how their shares are tokenized in third-party financial products, even as a dispute with AMC’s leadership escalates. In comments to CNBC’s “Squawk Box,” Tenev argues that issuers should not have a veto over the creation of securities that reference their stock.
Tenev also addresses a key point in the controversy: token holders do not receive voting rights associated with the underlying shares. That distinction is central to how various outlets frame the issue—AMC’s position emphasizes limits on what rights token holders should have, while Tenev focuses on the boundaries of corporate control over third-party products built around public-company shares.
