OpenAI Disavows Robinhood Tokens, Warns Users To Stay Safe
OpenAI clarified that tokens distributed to EU users by Robinhood do not represent equity in the company and emphasized that any equity transfer requires their approval, which was not granted. Robinhood distributed $5 worth of OpenAI and SpaceX tokens to eligible European customers as part of its tokenized stock trading initiative. Elon Musk criticized OpenAI's corporate structure, labeling the equity as "fake" and expressing concerns over the company's shift from a nonprofit model to a profit-driven approach. Robinhood aims to promote financial inclusion through tokenized real-world assets, allowing retail investors access to private markets. The company launched a layer-2 blockchain network for these trades and plans to integrate various traditional assets into its platform. CEO Vlad Tenev stated that crypto could become a foundational element of the global financial system.
