Tokenized stocks debate goes beyond issuer consent: Bitfinex

Bitfinex Securities has argued that the tokenized stocks debate must distinguish between third-party products and issuer-backed securities because each model gives investors different rights. Summary Bitfinex Securities says issuer consent is only one part of the tokenized stocks debate. Third-party tokens may reference shares without giving holders ownership or voting rights. Private-company products can leave token buyers with less information than direct investors receive. Transfer controls and market monitoring remain central concerns for blockchain-based stock products. Tokenized stocks require clear investor rights Bitfinex Securities Head of Operations Jesse Knutson told crypto.news that Robinhood CEO Vlad Tenev was “directionally correct” to reject a blanket issuer veto, but said the debate should focus on what each token represents, who may buy it and where it can trade. Tenev has said companies should not control tokenized products that neither change their shareholder records nor create new duties for them. His comments followed objections from companies whose names and share prices have been used in stock-linked products without their involvement. Knutson said tradition...