Robinhood’s Stock Tokens Face EU Regulatory Scrutiny Amid OpenAI Denial

Robinhood's newly launched stock tokens are under investigation by the Bank of Lithuania, the platform's primary financial regulator in the European Union. The tokens, introduced on July 30, offer blockchain-based exposure to private companies like SpaceX and OpenAI, but have drawn regulatory concerns over their structure and marketing.

OpenAI has publicly distanced itself from the offering, clarifying it has no partnership with Robinhood and did not authorize any share transfers. Robinhood maintains the tokens provide retail investors with synthetic exposure to private assets, though they do not represent actual equity.

The probe focuses on how these products are being presented to consumers, particularly following Robinhood's promotional campaign offering free token allocations to EU users. This regulatory challenge emerges as crypto-linked investment products face increasing scrutiny across global markets.