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EU Regulators Scrutinize Robinhood’s Tokenized Equity Plans Amid OpenAI Concerns
EU Regulators Scrutinize Robinhood’s Tokenized Equity Plans Amid OpenAI Concerns
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BTCCSquare news:
Robinhood's ambitious push into tokenized securities has hit a regulatory snag in Europe. The Bank of Lithuania, acting as the firm's primary EU regulator, is demanding detailed clarifications about private equity tokens offering exposure to tech stocks like SpaceX and OpenAI. This follows OpenAI's public disavowal of the tokens, emphasizing they confer no equity ownership.
The brokerage's June 30 announcement of 200+ tokenized U.S. stocks and ETFs for European markets now faces heightened scrutiny. As financial institutions vie for position in the $24 billion tokenization market, Robinhood's layer-2 blockchain plans and equity token offerings have become a litmus test for regulatory acceptance of synthetic exposure products.
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