Lithuania's central bank on Monday said it has contacted Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the product last week."We have contacted Robinhood and are awaiting clarifications regarding the structure of OpenAI and SpaceX stock tokens as well as the related consumer communication," Bank of Lithuania spokesman Giedrius Šniukas told CNBC via email."Only after receiving and evaluating this information will we be able to assess the legality and complianc ...

Group 1 - OpenAI has distanced itself from Robinhood's offering of tokenized shares, clarifying that these "OpenAI tokens" are not actual equity and that they did not partner with Robinhood [1] - OpenAI emphasized that any transfer of its equity requires approval from the company, which was not granted in this case, and advised users to exercise caution [1] - Robinhood launched the tokenized shares as part of a broader product showcase, which contributed to a surge in its stock price, reaching an all-time high above $100 [1] Group 2 - A Robinhood spokesperson stated that the tokens provide retail investors with indirect exposure to private markets, facilitated by Robinhood's ownership in a special purpose vehicle [2]

Market Trends & Adoption - Solana ecosystem is experiencing accelerated convergence across multiple vectors [1][3] - Spot ETF approval is predicted with a 95% probability by October 10 deadline [1] - Tokenized equities on xStocks achieved $15 million volume with over 1,500 participants trading 55+ major stocks [1] - Robinhood offers 75% SOL staking rewards, significantly higher than 25% ETH rates [2] - Weekly cross-chain inflows exceed $100 million, with over $70 million originating from Ethereum, indicating capital migration [2] Technological Developments - Fire Dancer upgrade timeline aligns with the current adoption wave [3] - Nikita Bier, former SOL advisor and builder of DUPE protocol, appointed as X Product Head, suggesting potential social media integration [2] Network Performance - Solana network demonstrates strong fundamentals with 14 consecutive weeks of revenue leadership and all-time high daily transactions [2] Ecosystem Competition - An ecosystem split is emerging, with Robinhood/Coinbase choosing ETH L2, while Bybit/Kraken opt for SOL for tokenized equities [3]

Robinhood expands into tokenized equities and crypto perp futures, plans Layer 2 blockchain with Arbitrum https://t.co/A6lIYb77qY ...

Core Viewpoint - Coinbase is seeking approval from the SEC to offer "tokenized equities," which is a significant priority for the company [1][4]. Group 1: Tokenized Equities Concept - Tokenizing equities involves converting company shares into digital tokens, allowing investors to hold tokens that represent ownership instead of the securities directly [2]. - Proponents argue that tokenized equities could lower trading costs, enable faster settlement, and allow for 24/7 trading [4]. Group 2: Regulatory Challenges - Currently, tokenized equities are not available for trading in the U.S., with firms like Kraken experimenting with the concept in select markets outside the U.S. [6]. - To offer tokenized equities in the U.S., Coinbase would need a "no action letter" or exemptive relief from the SEC, which would prevent enforcement actions against the company [7][10]. - The SEC has previously sued Coinbase for operating as an unregistered broker-dealer, but this case was dropped under the Trump administration [9][14]. Group 3: Market Implications - If granted approval, Coinbase could offer stock trading via blockchain technology, positioning itself against retail brokerages like Robinhood and Charles Schwab, potentially opening a new business segment [12][15]. - The current political climate, with Trump appointing industry-friendly regulators, may favor the approval of such initiatives, as seen by the favorable market reaction to cryptocurrencies [13].