Robinhood CEO Says Stock Tokens to Add Physical Redemption and Voting

This matters because tokenized equities have so far been mostly a wrapper for price exposure, not the full rights of share ownership. Adding redemption and voting moves the product closer to holding the underlying equity itself, which is the line regulators and incumbents have watched most closely. The absence of a timeline is the tell: the concept is easy to announce, the market structure and compliance work behind it is not. Whether redemption becomes a genuine two-way bridge or stays a limited feature is the open question.