According to CoinMeta, Robinhood CEO Vlad Tenev has announced support for tokenized stocks launched by companies on its own blockchain Robinhood Chain, with a market capitalization of $104.4 million. This move strengthens the stance of Robinhood in legal disputes with traditional enterprises. AMC CEO Adam Aron has attacked the tokenization of securities without the issuer's consent, while the legal director of Robinhood, Dan Gallagher, directly rejected the request for a cease-and-desist order and sarcastically stated that they are willing to teach the lawyers of AMC the basics of U.S. securities law. According to Token Terminal data, the market capitalization of tokenized real assets on Robinhood Chain has reached $104.4 million, with liquidity mainly concentrated in SPY ($14 million) and NVDA ($13.9 million). The product is available in over 120 countries but remains unavailable in the United States due to regulatory risks.