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The tokenization of traditional equities is moving faster than issuers can track, and AMC Entertainment CEO Adam Aron made that friction visible on Friday.
In an online post, Aron called Robinhood's decision to offer tokenized versions of AMC stock without the company's approval inexcusable and vile.
AMC shares (AMC) surged in early Friday trading while Robinhood (HOOD) retreated, threatening to reverse a breakout from the prior session.
Aron's complaint is pointed: Robinhood began offering the tokenized product with no indication, based on his public account, that AMC Entertainment had been consulted or had given its consent.
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