The post Robinhood Faces EU Probe Over ‘Misleading’ OpenAI Tokens appeared on BitcoinEthereumNews.com.

OpenAI distances itself from Robinhood’s tokenized stocks, clarifying no equity representation. Robinhood defends tokenized stocks, emphasizing exposure over equity ownership. EU regulators review Robinhood’s tokenized stock product for legal compliance and transparency. Robinhood Markets is under investigation by European Union regulators regarding its new tokenized stock offerings tied to private companies like OpenAI. The effort, launched on June 30, 2025, was designed to provide retail investors in the EU with digital exposure to major U.S. companies.  However, OpenAI has publicly distanced itself from the product, clarifying that the tokens do not represent actual equity in the company. This has raised concerns about the potential for investor confusion. OpenAI’s Public Rejection of the Tokens OpenAI has made it clear that it does not approve of Robinhood’s tokenized stock product. In a statement posted on X, OpenAI explained that the tokens being offered do not equate to actual shares in the company.  OpenAI also confirmed that transferring equity in the company requires prior approval, which has not been granted to Robinhood. Related: Robinhood Faces EU Regulatory Scrutiny Over New OpenAI and SpaceX Stock Tokens Robinhood’s Defense: “It’s About Exposure, Not Equity” Robinhood CEO Vlad Tenev defended the company’s product in response to the backlash. Speaking on CNBC’s “Squawk Box Europe,” Tenev acknowledged that the tokens are not technically equity but argued that this distinction is not the most important factor. He stated that the value of the tokens lies in the exposure they provide to private companies, which is similar to how institutional investors often access these firms indirectly. Tenev highlighted that the tokens enable retail investors to participate in the performance of private companies like OpenAI, even without direct ownership. The Core of the Dispute: Real Equity or a Misleading Derivative? The Bank of Lithuania, the regulatory authority overseeing Robinhood’s operations…

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Filed under: News - @ July 9, 2025 5:27 pm