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Robinhood CEO Vlad Tenev said public companies cannot control how their shares are tokenized into financial products, commenting as a dispute over AMC Entertainment's stock tokenization escalates. Tenev acknowledged that holders of tokenized shares do not receive the same voting rights as traditional shareholders, a distinction at the center of the controversy. The remarks highlight unresolved questions around the legal and structural implications of tokenized equity products as platforms like Robinhood push further into blockchain-based trading of company stock.