Uniswap's Hayden Adams defended Robinhood and Ondo stock tokens as Dinari's Gabriel Otte called them indisputably worse for investors. Securitize and Superstate put registered shares onchain instead. Three tokenization models are competing for $2.91 billion, and the SEC has already sorted them into separate legal categories.

Adam Aron said AMC has no connection to Robinhood’s tokenized shares, reviving questions around how stocks are brought onchain.

OpenAI had previously made a similar criticism of Robinhood’s tokenized equities, saying it did not approve the transfer of its shares.