Robinhood CEO Vlad Tenev has announced plans to introduce in-kind redemption and voting rights for Stock Token holders. His statement follows growing attention around the brokerage’s tokenize
Robinhood CEO Vlad Tenev has announced plans to introduce in-kind redemption and voting rights for Stock Token holders. His statement follows growing attention around the brokerage’s tokenized stocks and whether they offer enough ownership rights for investors.
Johann Kerbrat, Robinhood’s crypto chief, had said the company was working on one-to-one share redemptions. Voting for eligible Stock Token holders is also on the roadmap. He added that Robinhood’s Say platform could support future shareholder participation.
The comments do not establish when these features will launch or how they will work. That uncertainty is leaving investors to judge the proposal against Robinhood’s existing product and its growing blockchain ambitions.
With Stock Tokens TVL reaching over $170M and nearly $50B in DEX volume on the Robinhood Chain, we are getting more questions about what they are and how they work.
All Robinhood Stock Tokens are backed 1:1 with real shares in secure custody. And Stock Tokens receive the…
— Johann Kerbrat (@JohannKerbrat) September 14, 2026
The reaction to Tenev’s announcement shows that investors are not viewing Robinhood Chain in the same way.
Crypto commentatorGold argued that Tenev is doing “absolutely everything right” and urged users to focus on Robinhood Chain during the current market cycle.
Vlad is doing absolutely everything right
You need to be fully focusing on RH chain this cycle. It’s becoming more apparently that this is where the money is going to be made https://t.co/JupRKOB4UK
— Gold (@Gold_Cryptoz) September 14, 2026
Another user,RZG, dismissed the proposal as potentially dishonest and called for Robinhood to change course.
lol! bro stop this nonsense this is going to be a sham in the end , do right and redeem yourself and stop this bs tokenized
https://t.co/C4iwi6msH4
— RZG (@RZG2020) September 14, 2026
The disagreement is useful because it highlights two different measures of success. Supporters are looking at adoption, liquidity, and the possibility of a new financial ecosystem. Critics are asking whether the underlying product deserves the confidence that its branding suggests.
Robinhood’s own expansion gives supporters something to point to. DeFi Planet previously reported that its Robinhood Chain testnet processed more than four million transactions in its first week. The network is designed to support tokenized real-world assets and on-chain financial services.
That infrastructure could give Robinhood an advantage if stock tokens become widely used in decentralized trading and lending. But network activity alone does not prove that investors are receiving adequate protection.
ALSO READ: Base Plans 1:1-Backed Tokenized Stocks as Jesse Pollak Admits Robinhood Moved First
Tenev’s announcement may help Robinhood address one of the biggest concerns around its Stock Tokens, but the effect on adoption will depend on the details.
In-kind redemption could make the product more attractive to investors who want a direct route to the underlying shares. Voting rights could also make the tokens more useful for people who want a say in corporate decisions.
The challenge is making these rights work within an on-chain market. Robinhood has promoted Stock Tokens as composable assets, meaning developers can build other applications around them. That could support trading products, lending markets, and other financial services.
However, the same flexibility may create practical problems. A token that moves across wallets can be harder to connect to a verified shareholder. A token used as collateral in a DeFi protocol may also create questions about who can redeem it and when.
Robinhood will need to show that shareholder rights can function alongside these uses. Otherwise, the promise of redemption and voting may remain more attractive in announcements than in practice.
Carlos Domingo, CEO of Securitize, has argued that the stock-token debate is mainly about regulation, investor protection, and disclosure. His criticism raises a question that extends beyond Robinhood: can tokenized stocks attract users without creating confusion about what they own?
Another X user,CM, took a more optimistic view, saying that Robinhood’s early lead in tokenized stocks and on-chain composability could help it become a dominant name in the sector.
That possibility gives Robinhood a reason to keep building, even as the company faces criticism. If it can combine a useful blockchain ecosystem with clearer ownership rights, it may attract both crypto users and investors who want access to traditional markets.
DeFi Planet has previously coveredSecuritize’s plans for compliant on-chain trading of public stocks, as well as theregulatory questions surrounding tokenized equities. Those developments show why Robinhood’s next steps matter to the market.
Finally, Tenev’s plan may improve Robinhood’s Stock Tokens, but investors still need evidence that the proposed rights will work as promised.
Enjoyed this? BookmarkDeFi Planet, explore related topics, and follow us onTwitter,LinkedIn,Facebook,Instagram,Threads, and CoinMarketCap Community for seamless access to high-quality industry insights
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools.
The post Vlad Tenev Has a Plan for Stock Token Shareholder Rights, but Investors Aren’t Convinced appeared first on DeFi Planet.
