TREE NEWS update: AMC CEO Adam Aron publicly called out Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher on X, saying the broker would be “hypocritical” if it did not apply overseas the same principles it endorsed for SEC-regulated US stock tokenization. Aron said tokenized shares should carry voting rights and companies should be able to opt out, and urged Robinhood not to contradict the SEC’s position.
AMC CEO Adam Aron Presses Robinhood to Keep Voting Rights in Overseas Tokenized Stocks
This is a governance fight arriving through tokenization's back door. Tokenized equities have largely been framed as a trading and settlement story, but Aron is forcing the question of whether ownership rights travel with the token. That matters for issuers whose shares are heavily held by retail, and for brokers building tokenized products across jurisdictions. The open question is whether voting rights become a baseline expectation for tokenized stock or remain a per-market concession.
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