AMC Entertainment and its CEO Adam Aron have refused to consent to Robinhood’s tokenized stock products tied to AMC, calling them “vile” and urging the platform to stop trading them. The tokens in question are issued by Robinhood Assets (Jersey) Limited, structured as offshore debt securities tracking AMC shares without conferring ownership rights or voting rights. AMC shares rose approximately 21% on September 3, hitting intraday highs of $3.07, as the broader tokenized equity market is estimated to be worth between $2.9 billion and $13.4 billion. The SEC’s new regulatory framework, implemented in September 2026 with a five-year innovation exemption, grants issuers a limited right to object to tokenized products referencing their stock.
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