Core Viewpoint - Robinhood Markets is expanding its offerings by introducing tokenized shares of both public and private companies, aiming to attract a broader customer base and enhance trading activity on its platform [2][6][10]. Group 1: Company Growth and Popularity - Robinhood has seen significant growth, with over 25 million funded accounts in 2024, up from 10 million five years ago [1]. - The company has increased its revenue from $1.8 billion in 2021 to just under $3 billion in the past year, indicating a strong financial performance [10]. Group 2: Tokenized Shares Offering - The introduction of tokenized shares allows users to buy and sell contracts that track the price of underlying assets on a blockchain, with minimal costs [4]. - Tokenized shares are currently available in Europe, providing users exposure to popular U.S. stocks, while U.S. regulations limit their availability domestically [4][9]. - Robinhood is also offering tokenized shares of private companies like OpenAI and SpaceX, which raises questions about price tracking and regulatory compliance [5][8]. Group 3: Market Potential and Future Outlook - The move to offer tokenized shares could significantly increase trading activity on Robinhood's platform, especially in Europe [4][6]. - The potential for tokenization in the U.S. is being recognized, with favorable comments from the SEC Chairman, suggesting future opportunities in the crypto space [9]. - Robinhood's stock has increased over 310% in the past 12 months, reflecting strong investor interest, although it is trading at more than 50 times earnings [11][12].

OpenAI publicly stated on Wednesday that the so-called "OpenAI tokens" offered by Robinhood Markets, Inc. HOOD are not OpenAI equity and clarified it has no partnership or involvement with Robinhood regarding the product. The Details: OpenAI Newsroom said in a post on X that any transfer of its equity requires company approval, which was not granted in this case, and advised users to be cautious. "These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and ...

Hey, got Robin Hood stock now up nearly 10% on the day after the company unveiled here in can a sweeping new crypto expansion, including tokenized shares of Open AI and SpaceX for European users. Now, the company is giving out free tokens of both to all EU customers as part of the launch. It's part of what may be Robin Hood's most ambitious move yet, a broad set of new features aimed at turning its app into a global crypto investment platform.The biggest shift is happening here in Europe where Robin Hood wi ...