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OpenAI Says Tokens Are Not Equity, No Partnership With Robinhood: Musk Says AI Company's Equity 'Is Fake' - Robinhood Markets (NASDAQ:HOOD)
- On July 2, 2025, OpenAI stated that the 'OpenAI tokens' offered by Robinhood are not equity and they did not approve any transfer of their shares.
- Robinhood launched tokenized shares of private companies including OpenAI and SpaceX in the EU to provide retail investors indirect exposure via a special purpose vehicle.
- OpenAI emphasized it has no partnership with Robinhood, was not involved in the token sale, and warned users to be cautious about the tokens.
- Robinhood CEO Vlad Tenev stated that the tokens provide retail investors with indirect exposure to private assets, while SVP Johann Kerbrat emphasized the aim of broadening access so that more people can engage with this economy.
- The situation highlights tensions between crypto platforms expanding access and companies protecting equity, with Robinhood's stock recently hitting an all-time high amid this push.
30 Articles
30 Articles
OpenAI Says Tokens Are Not Equity, No Partnership With Robinhood: Musk Says AI Company's Equity 'Is Fake' - Robinhood Markets (NASDAQ:HOOD)
OpenAI says the "OpenAI tokens" offered by Robinhood are not OpenAI equity and clarified that it has no partnership or involvement with Robinhood.
Robinhood’s tokenized shares not backed by OpenAI, warns ChatGPT creator - Tech Startups
Robinhood’s attempt to tokenize shares of buzzy private companies just hit a wall. OpenAI is distancing itself from the trading app after it began offering what it called “OpenAI tokens” to users in Europe, without any involvement or consent from […] The post Robinhood’s tokenized shares not backed by OpenAI, warns ChatGPT creator first appeared on Tech Startups.
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OpenAI said it did not partner with Robinhood on the tokens and emphasized no equity transfer was approved. Robinhood unveiled the tokens at a Cannes product event, sending its stock to a new all-time high. The promotion offers 5 euros worth of tokens to EU users, though U.S. users remain excluded due to regulatory barriers. OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares…
OpenAI rejects Robinhood's stock tokens, warns of unauthorized equity claims
Artificial intelligence company OpenAI has publicly denied any involvement with Robinhood’s tokenized equity campaign, warning that recently promoted stock tokens are not legitimate. In a July X statement by the Open AI Newsroom, the company clarified it had no role…
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