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AMC CEO Adam Aron voiced criticism of Robinhood's new tokenized assets offering, reflecting broader industry debate over the merits and risks of tokenizing traditional securities and equities. That debate widened as Nasdaq announced a $100 million investment in Kraken's parent company, aiming to help launch tokenized stock trading by 2027. The Nasdaq-Kraken tie-up signals that tokenization is increasingly seen as a structural shift in market plumbing rather than a fringe experiment, drawing in established exchange operators alongside crypto-native platforms. The move contrasts with skepticism from critics like Aron, highlighting a growing split in the industry over how quickly and safely traditional assets should move on-chain.