Securitize president Brett Redfearn, speaking on the Unchained podcast, said no one has solved who votes tokenized shares held in wallets without identity verification, arguing issuers must approve tokenization of their stock. He cited the AMC-Robinhood dispute over tokenized AMC shares. Once tokens enter non-KYC wallets, the link between beneficial owner and issuer dissolves. Securitize, which Redfearn joined in April 2026, requires KYC and whitelisted wallets, manages about $4 billion in tokenized assets, listed on NYSE as SECZ on July 2, 2026, and tokenized roughly $295 million of its own stock on Solana and Avalanche.

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