Adam Aron questioned whether purchasers of stock tokens receive fewer rights than actual shareholders and whether lending out the underlying real shares to short sellers affects the 1:1 backing of the related tokens.

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“He also questioned whether purchasers of stock tokens receive fewer rights than actual shareholders, potentially causing investor confusion; and if the underlying real shares supporting the tokens are lent out to short sellers, whether the related tokens can still be considered truly 1:1 backed.”