Lithuania’s central bank has reached out to Robinhood for clarifications about its tokenized equities, particularly regarding OpenAI and SpaceX stock tokens. The inquiry comes after OpenAI expressed concerns, clarifying that it does not endorse Robinhood’s “Stock Tokens” product and warning users of potential misconceptions. The Bank of Lithuania, acting as Robinhood’s primary regulator in the EU, emphasized the importance of clear and misleading-free communication for investors. Robinhood’s tokenized product, launched on June 30, allows EU users to invest in blockchain-based shares from private firms. However, OpenAI stated it has not collaborated with Robinhood on this initiative, and any transfer of its equity requires explicit approval. Following OpenAI’s cautionary messages, Robinhood reiterated that its stock tokens provide retail investors with indirect exposure to private markets through a special vehicle structure. The situation highlights ongoing regulatory scrutiny and the importance of transparency in digital finance.
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