📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips

AMC's CEO spent the holiday weekend calling Robinhood's tokenized AMC shares "contemptible" and "vile."
Austin Campbell, Ram Ahluwalia, and Chris Perkins break down what a "reverse ADR" actually is, why Ram thinks most of this is derivatives repackaged as innovation, and why Chris pushes back using Robinhood Chain's own financials.

Hosts:
<ul>
 <li><a href="https://x.com/austincampbell">Austin Campbell</a> - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell
</li>
 <li><a href="https://x.com/ramahluwalia">Ram Ahluwalia</a> - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia
</li>
 <li><a href="https://x.com/perkinscr97">Chris Perkins</a> - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97
</li>
</ul>
This clip is from a longer conversation on tokenized stocks, meme coins, frontier AI, and the Fed. Full episode here: <a href="https://youtu.be/cDFv4OCihgU?si=qdPWALHcmHc97SEc">https://youtu.be/cDFv4OCihgU?si=qdPWALHcmHc97SEc</a>&nbsp;
We go live every Monday - subscribe to catch it live.

👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at <a href="http://unchainedcrypto.com/go/1inch-yt">http://unchainedcrypto.com/go/1inch-yt</a>&nbsp;&nbsp;

Chapters:
🥊 00:20 AMC's CEO calls Robinhood's tokenized stock vile: what it actually is
📊 06:36 Ram: stock tokens are "derivatives for the sake of derivatives"
🔍 11:17 Why Austin says the AMC fight reveals microstructure ignorance
🏗️ 14:40 Ram: real innovation looks like CDO Square 2.0, not this
💰 21:41 Chris defends Robinhood Chain's financials Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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