OpenAI has publicly criticized Robinhood for offering blockchain-based tokens tied to its private equity, calling the move unauthorized and misleading.
In a post on X, the AI firm made it clear: “These ‘OpenAI tokens’ are not equity in OpenAI. We were not involved, did not approve any transfer, and do not endorse this.”
The statement came after Robinhood CEO Vlad Tenev announced that tokenized versions of private company shares—including those of OpenAI and SpaceX—would soon be available to European users. The offering is part of Robinhood’s expansion into blockchain-based trading, including perpetual contracts, staking, and a new Layer 2 network on Arbitrum.
Robinhood clarified that its “stock tokens” are derivative contracts that mirror the price of real stocks and ETFs but do not confer ownership or shareholder rights. They’re designed to give retail investors crypto-style access to assets that would otherwise be out of reach.
OpenAI isn’t alone in objecting. The broader move toward tokenizing private equity is raising questions about consent and ownership. Republic, another investment platform, has made similar offerings, stating that while these tokens don’t provide voting rights, they still track the underlying company’s valuation.
The clash highlights a growing tension between tech firms and trading platforms as blockchain pushes into traditionally off-limits financial territory.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/openai-rejects-robinhoods-tokenized-shares-calls-them-unauthorized/