Bernstein: Although Robinhood and OpenAI are controversial, the trend of tokenized stocks is inevitable

Odaily Planet Daily News Robinhood announced the launch of tokenized stocks last week, but it sparked strong opposition for providing private equity to OpenAI without consent. Broker Bernstein believes that despite OpenAI's objections, Robinhood still defines tokens as derivatives and doubles down on stock tokenization, betting on the support of the U.S. Securities and Exchange Commission (SEC) and the CLARITY Act to unlock the tokenized asset market. Bernstein analysts wrote that as Robinhood pointed out, the tokenization of private equity often lacks key rights such as corporate consent and preemptive rights. Although companies such as OpenAI and SpaceX already have liquidity in the private market, the market demand for tokenization of private assets with poor liquidity remains strong. (The Block)