Tokenization of shares

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OpenAI Says It Does Not Endorse Robinhood's Stock Tokens
PYMNTS.comยท 2025-07-04 01:19
Core Viewpoint - The announcement of OpenAI stock tokens by Robinhood has led to a significant impact on Robinhood's stock price and sparked a debate regarding the tokenization of private company shares [1][3]. Group 1: OpenAI's Position - OpenAI clarified that the "OpenAI Tokens" are not equity and that they did not partner with Robinhood or endorse the token offering [2]. - OpenAI emphasized that any transfer of its equity requires approval, which was not granted in this case [2]. Group 2: Robinhood's Response - Robinhood's CEO stated that the giveaway of OpenAI stock tokens is a precursor to larger initiatives and that there is interest from private companies in joining the tokenization effort [2]. - The tokens provide retail investors with exposure to private assets, despite not being classified as traditional equity [3]. Group 3: Tokenization Offering - Robinhood announced the launch of U.S. stock and ETF tokens in the European Union, allowing eligible customers access to over 200 U.S. stock and ETF tokens [4][5]. - Stock token holders will receive dividend payments directly through the Robinhood app, marking a transition from a crypto-only platform to a comprehensive investment app [5]. Group 4: Giveaway Announcement - Robinhood's EU account announced a giveaway of the first Private Company Stock Tokens for OpenAI and SpaceX, available for eligible customers until July 7th [6].