Robinhood stock popped this week on news that European users could trade "tokenized" stock in private companies. OpenAI distanced itself from the plan.

Robinhood launched tokenized stocks on June 30, providing EU-based users with blockchain-based access to shares, including those of private companies such as OpenAI and SpaceX. However, OpenAI ...

In response to OpenAI's warning last week, Robinhood had said that its stock tokens "give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood's ...

The scrutiny is a result of a public warning issued last week by OpenAI, which stated that it had no involvement with Robinhood's purported "OpenAI tokens." OpenAI said in a statement on X: ...

The AI firm has denied any affiliation with Robinhood’s sale of blockchain-based tokens tied to its stock, warning consumers of misleading claims OpenAI has publicly disassociated itself from ...

Robinhood's tokenized stocks let European investors trade digital versions of U.S. shares 24/7 with zero commissions, but ...