US Edition
Robinhood’s OpenAI ‘Tokens’ Are Not Actual Equity, OpenAI Warns
- On July 1, 2025, Robinhood announced it would distribute 5 euros worth of tokenized OpenAI and SpaceX shares to European Union users who register by July 7.
- Robinhood revealed the tokens provide investors indirect exposure to OpenAI through ownership of a special purpose vehicle controlling certain shares, but these tokens are not actual equity.
- OpenAI, led by Sam Altman, condemned Robinhood’s initiative, stating these tokens are not OpenAI stock, disapproving any transfer of equity, and denying any partnership or endorsement.
- Robinhood’s CEO Vlad Tenev clarified that these tokens do not represent actual equity but are intended to track share prices, providing retail investors with tokenized access to private companies, and highlighted growing interest from additional firms despite some criticism.
- The controversy highlights challenges in offering tokenized shares of private companies, as the offering boosted Robinhood’s shares but raised legal and ethical questions about ownership and investor protections.
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Entrepreneur
Cryptocurrency News | Cryptocurrency Prices | Market CapOpenAI Blasts Robinhood for Selling OpenAI Tokens: 'We Do Not Endorse It'
OpenAI warns consumers that Robinhood's sale of "OpenAI tokens" will not give them equity or stock in the company.
Do we experience the next revolution in investment? Neobroker Robinhood promises investors to participate in OpenAI and SpaceX – although both companies are not listed on the stock exchange. WORLD explains how this works, what it costs and how serious it is.
OpenAI rejects Robinhood’s unauthorised tokenised shares
Robinhood has begun offering tokenised shares in private companies, sparking backlash from OpenAI as one of the targeted firms. During an event in Cannes on Monday, Robinhood co-founder and CEO Vlad Tenev displayed what he described as “stock tokens” for OpenAI and SpaceX. The move forms part of Robinhood’s European expansion, which also includes offering more than 200 tokenised shares of… Source
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