BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Robinhood Shares Slide After OpenAI Denies Ties to Equity Tokens
Robinhood Shares Slide After OpenAI Denies Ties to Equity Tokens
7
2
BTCCSquare news:
Robinhood Markets Inc. faced a 3.6% stock drop after OpenAI publicly distanced itself from 'OpenAI tokens' offered to European customers. The AI firm clarified no equity transfer approval was granted, sparking investor concerns about the legitimacy of synthetic exposure products.
The brokerage had marketed these tokens as a way to gain private market exposure to firms like OpenAI and SpaceX through special purpose vehicles. While Robinhood CEO Vlad Tenev defended the structure, the backlash highlights growing regulatory risks around tokenized equity products.
By:
Previous
U.S. Trade Negotiations Underway with EU and Japan as Tariff Deadlines Loom
Next
Meta Tests Proactive AI Bots That Remember and Message You
