Alternative Investments & Regulatory Landscape - Republic (excluding Robinhood) offers instruments mimicking the price of companies like SpaceX, explicitly stating no affiliation with the underlying company [1] - These instruments function as notes for future upside, contingent on a liquidity event [1] - The backing of these instruments is unclear, potentially involving the issuing company purchasing shares or the dollar equivalent [1] - This practice leverages an SEC crowdfunding exemption, allowing private companies to raise up to $5 million in securities from retail investors [1] Tokenized Securities & Disclaimers - "OpenAI tokens" are not OpenAI equity, and OpenAI has not partnered with Robinhood or endorsed them [1] - Any transfer of OpenAI equity requires OpenAI's approval, which has not been granted [1] - The industry advises caution regarding these types of investments [2]
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mert | helius.devยท2025-07-02 20:30