OpenAI Denies Robinhood’s Tokenized Equity Claims, Warns of Unauthorized Offering
OpenAI has publicly distanced itself from Robinhood's tokenized equity campaign, asserting that the promoted "OpenAI tokens" are not legitimate. In a July statement on X, the company clarified it had no involvement in the creation or distribution of these tokens, which Robinhood claimed represented shares in the AI firm.
The rebuke came shortly after Robinhood CEO Vlad Tenev announced at an event in Cannes that eligible European users could claim tokenized shares of private companies, including OpenAI and SpaceX. OpenAI emphasized that any transfer of its equity requires explicit approval, which was not granted. Robinhood's incentive program offered €5 worth of OpenAI and SpaceX tokens to EU users who registered to trade stock tokens by July 7.
