AMC CEO Criticizes Robinhood's Stock Token, Denies Any Affiliation

火星财经消息，AMC Theatres CEO Adam Aron posted on X on Thursday condemning Robinhood’s AMC stock token, stating that AMC has no association with the product and does not endorse it in any way. Aron accused Robinhood of aggressively advancing a plan to “tokenize real-world assets, including stock tokens,” calling the move “despicable” and “outrageous,” and announced that AMC will engage external securities legal counsel to investigate the matter. Robinhood’s stock tokens are derivatives that provide holders with economic exposure to U.S. stocks but do not confer ownership of the underlying shares. Other tokenization models include custodians holding traditional stocks and issuing tokens as receipts, or issuers authorizing the direct on-chain registration of shares. This dispute arises as tokenized stocks attract growing attention from crypto exchanges, brokerages, and Wall Street institutions, with blockchain enabling 24/7 trading, faster settlement, and broader distribution. Robinhood has made tokenization central to its crypto expansion, launching tokens tracking hundreds of U.S. stocks and ETFs last year and currently building its own blockchain to support tokenized assets. Previously, OpenAI also publicly denied any association with Robinhood’s tokens tied to its name, clarifying they do not represent OpenAI equity and that OpenAI has not partnered with or endorsed Robinhood. AMC’s opposition elevates this controversy to the level of publicly traded companies.