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AMC CEO questions Robinhood's claim that stock tokens are backed 1:1 by shares, citing possible lending to short sellers.

Market News
13 Sep 2026
Crypto news
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Bearish
AMC CEO questions Robinhood's claim that stock tokens are backed 1:1 by shares, citing possible lending to short sellers.

AMC Entertainment CEO Adam Aron challenged Robinhood's claim that its stock tokens are backed one-for-one by actual shares, questioning if those shares could be lent to short sellers, which would undermine the backing. Robinhood's tokens provide economic exposure but no shareholder voting rights, and are issued offshore, unavailable to U.S. customers. Aron called the token model "abhorrent" and raised concerns about investor misunderstanding and regulatory issues. Robinhood has not publicly answered whether shares backing tokens are lent out, leaving questions about the true nature of the backing and voting rights unresolved.

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