Robinhood’s Stock Tokenization Draws AMC CEO Criticism as Nasdaq Invests in Payward

Robinhood has recently tokenized stocks including AMC, drawing public criticism from AMC’s CEO. The article says blockchain-based stock tokenization could lower the cost and barriers for global investors trading U.S. stocks. According to Odaily, analysts said tokenized stocks still face issues involving voting rights, custody of the underlying shares, and whether the tokens are fully backed. Regulators have begun building related frameworks, and Nasdaq recently invested $100 million in blockchain financial company Payward. The article said the trend of putting stocks on-chain is accelerating and that threats or lawsuits are unlikely to stop its development for long.