OpenAI has dissociated itself from Robinhood’s recent initiative to offer tokenized shares of OpenAI and SpaceX to European users. In a statement on X, OpenAI clarified that these “OpenAI tokens” are not official equity and asserted that they did not partner with Robinhood nor approve the distribution of any OpenAI equity. Users were urged to exercise caution regarding the tokens. Robinhood announced the launch from Cannes, emphasizing its aim to democratize access to private markets through tokenization. Following this news, Robinhood’s stock surged, reflecting investor enthusiasm for the new offering. The tokens, available to EU users who register by July 7, align with European regulations favoring looser investor restrictions. However, U.S. users remain barred from accessing these tokens due to regulatory challenges. This situation underscores the tension between cryptocurrency platforms aiming to broaden financial product access and the companies whose equities are represented.
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