TLDR Crypto · MISCELLANEOUS
COULD ROBINHOOD STOCK TOKENS EVER CARRY VOTING RIGHTS?
Summary from the TLDR Crypto newsletter
Robinhood's tokenized stocks (structured as debt securities issued by a Jersey entity, backed 1:1 by real shares in US custody) could theoretically let tokenholders direct the underlying shares' proxy votes if Robinhood built an on-chain voting mechanism. This could potentially let a large-enough token holder bloc support board nominees at real public companies, raising concerns about outside/foreign influence over US corporate governance.