The European Securities and Markets Authority (ESMA) has issued a warning about tokenized stocks, highlighting potential risks to investor rights. Tokenized stocks are digital representations of traditional shares, but many lack the basic shareholder rights afforded by traditional stock ownership. This raises concerns about transparency and fairness within the cryptocurrency market. [Continue with details from the article body here]** . As major crypto exchanges like Robinhood and Kraken offer tokenized stocks, these developments require careful consideration for investors. The warning underscores a growing need for regulatory clarity and robust oversight in this burgeoning digital asset space.