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OpenAI Pushes Back on Robinhood's 'Stock Tokens'

Robinhood has clarified the tokens are 'derivatives' and don't represent equity stakes.
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Jul 3, 2025 • 1 min read

Robinhood has stepped into tokenized exposure for private companies like OpenAI and SpaceX, facing scrutiny over its derivative-based approach.

What’s the Scoop?

  • Tokenization Expansion: Robinhood has launched tokenized exposure to private company shares like OpenAI and SpaceX, minted on Arbitrum.
  • Derivative Nature: These tokens don’t represent actual equity but are derivative contracts tracking valuation.
  • OpenAI's Response: OpenAI criticized the move, stating it did not endorse or authorize these tokens and urging users to review official filings.

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