The post Sam Altman’s OpenAI Denies Partnership with Robinhood on Stock Tokens appeared on BitcoinEthereumNews.com.

OpenAI has made it clear that it did not partner with Robinhood regarding the tokenized shares of private companies like OpenAI and SpaceX. The AI company issued a statement on Wednesday distancing itself from Robinhood’s launch of tokenized equity products. OpenAI emphasized that the tokens being offered are not linked to actual company equity and that any transfer of OpenAI equity requires its approval. The statement was a direct response to Robinhood’s announcement earlier this week, which had suggested that European users could gain indirect exposure to OpenAI and other companies via tokenized shares. OpenAI Responds to Robinhood’s Tokenized Equity Launch Robinhood unveiled its new product in Cannes on Monday, showcasing over 200 tokenized equities, including stocks of private companies like OpenAI and SpaceX. This move marks Robinhood’s entry into the blockchain-based investment space, offering European Union users the opportunity to invest in tokenized versions of these companies’ shares. However, OpenAI quickly clarified that it was not involved in the creation or promotion of these tokens. The company took to social media platform X to state, “These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.” In its statement, OpenAI also warned investors to be cautious, reiterating that the transfer of equity in the company requires explicit approval from OpenAI, which was not granted in this instance. The denial by OpenAI comes amid growing concerns about the legality and transparency of tokenized equity offerings, especially in the case of privately held companies. Robinhood’s New Tokenized Product for European Investors Robinhood’s new product aims to provide retail investors with access to tokenized versions of stocks from both public and private companies. These tokenized assets allow investors to trade fractions of stocks, giving them exposure to markets that were…

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Filed under: News - @ July 3, 2025 4:29 am