According to The Block, Bernstein analysts say that the regulatory environment will drive a "wave of equity tokenization" despite the controversy between Robinhood and OpenAI last week. Robinhood launched tokenized stock products in Cannes, including shares of more than 200 U.S. listed companies and equity in private companies such as OpenAI, but OpenAI immediately stated that it had not authorized any tokens representing its stock. Robinhood is positioning these products as derivatives backed by special purpose vehicles, and says the SEC's supportive attitude and the CLARITY Act will pave the way for the tokenized asset market. Analysts believe that the regulatory environment is developing in a direction that is conducive to equity tokenization, which will provide investors with more liquidity options. [ChainCatcher]