Robinhood is set to release its Q3 earnings report, while its tokenized stock business faces opposition from the U.S. Securities and Exchange Commission (SEC) and several companies. Previously, a conservative non-profit organization published a full-page advertisement in The Wall Street Journal, warning public company CEOs about the risks of tokenized stocks and noting that the SEC has granted companies a 30-day opt-out right. As of October 23, 22 companies (including Microsoft, Alphabet, Goldman Sachs, Wells Fargo, etc.) have opposed the tokenization of their stocks on the OKX-ICE platform, representing 35% of the companies planned for listing on that platform. In its debut quarter, Robinhood Chain's tokenized stock trading volume reached $13.7 billion, accounting for one-fifth of the total on-chain trading volume, making this business crucial to Robinhood's ecosystem.