US EditionOpenAI 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 its equity transfers require company approval and it did not approve any transfer related to Robinhood's token sales.
- Earlier that week, Robinhood revealed plans to introduce blockchain-based equity options for European users, allowing them to invest in companies such as OpenAI, SpaceX, and other privately held firms.
- OpenAI clarified it neither partnered with nor endorsed Robinhood's offering, emphasizing that these 'OpenAI tokens' are not equity but provide indirect exposure through Robinhood's special purpose vehicle under EU investor rules.
- Robinhood's stock reached an all-time high after the launch, with KeyBanc Capital Markets raising its price target from $60 to $110, citing the company's innovation in tokenization.
- The event highlights tensions as private companies resist unauthorized equity representations while crypto platforms aim to expand market access via tokenized private assets.
27 Articles
27 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…
While Robinhood is accelerating in tokenized assets in Europe, OpenAI has just put a serious brake on it. The trading platform distributed “OpenAI” tokens without the approval of the AI firm. Musk gets involved, the case is making noise. What is this faux pas really hiding? The article OpenAI publicly disavows Robinhood's tokenized actions appeared first on CoinTribune.
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