Robinhood CEO Vlad Tenev defended the company's push into tokenized stocks on Wednesday, stating that public companies cannot control financial products built around their shares once they go public. He acknowledged that holders of stock tokens do not receive voting rights in the underlying company. His comments follow criticism from AMC CEO Adam Aron, who argued that tokenization allows brokerages to create exposure to AMC stock without the issuing company's involvement, undermining traditional shareholder relationships.