Robinhood CEO Vlad Tenev has publicly backed the launch of tokenized stocks on Robinhood Chain, with the market capitalization reaching $104.4 million. Most liquidity is concentrated in SPY ($14.0 million), NVDA ($13.9 million), and SPACEX ($6.4 million). This initiative comes amid an escalating legal conflict with AMC and traditional financial sectors, which are warning about the legal risks of unauthorized tokenization. The product is available in over 120 countries but remains inaccessible to US residents due to regulatory risks. Robinhood’s Chief Legal Officer has uncompromisingly rejected AMC’s cease-and-desist demands.
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