OpenAI has officially denied any involvement with Robinhood’s recent launch of tokenized equities on the Arbitrum blockchain, which includes over 200 US stocks such as OpenAI, Microsoft, and Nvidia. OpenAI clarified via a post on X that it did not authorize or partner with Robinhood for this initiative. The transition to tokenized assets aims to provide European investors with new opportunities, offering a more expansive market for US equities. Robinhood’s tokenized offerings come at a minimal minting cost, averaging just five cents, aligning with trends seen at exchanges like Bybit and Kraken. However, the Securities Industry and Financial Markets Association (SIFMA) has called for clearer regulations from the US SEC regarding such tokenized equity products. This development reflects ongoing changes in the financial landscape, pushing for a more innovative approach to investing in traditional stocks through blockchain technology.
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