EU Watchdog Questions Robinhood’s Crypto-Equity Play After OpenAI Denial

Lithuania’s central bank has launched a formal inquiry into Robinhood’s tokenized equity products, following OpenAI’s public disavowal of any connection to the trading platform’s offerings. The probe focuses on the legality of blockchain-based stock tokens that claim exposure to private firms like SpaceX and OpenAI—assets whose provenance remains unclear.

Regulators are scrutinizing the structural integrity of these instruments, which debuted in late June under Robinhood’s EU brokerage license. The Bank of Lithuania, acting as the lead EU regulator for the platform, has demanded immediate clarifications regarding the tokens’ underlying assets and compliance framework.

Market observers note the investigation could set precedents for how crypto-equity hybrids are treated under MiCA regulations. Robinhood’s attempt to bridge traditional securities with blockchain rails now faces its first major stress test in European markets.