Robinhood ticks lower as OpenAI rejects tokenized equity tokens

OpenAI issued a firm statement Wednesday denying any affiliation with the tokenized equity tokens offered by trading platform Robinhood, emphasizing that the tokens do not represent real ownership or equity in the company. The trading platform began offering tokenized shares of OpenAI and SpaceX ( SPACE ) to its users in Europe. “These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X . “We did not partner with Robinhood, were not involved in this, and do not endorse it.” The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.” Robinhood down 1.5% in premarket trading.

Source: Seeking Alpha