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EU Questions Robinhood About OpenAI and SpaceX Stock Tokens

  • EU is scrutinizing Robinhood for offering tokenized equities of OpenAI and SpaceX after OpenAI disavowed any ties to these assets.
  • The central bank of Lithuania, Robinhood's main regulator in the EU, has requested clarifications regarding the structure of these stock tokens to assess legality and compliance.
  • OpenAI issued a warning to investors stating that the 'OpenAI tokens' offered by Robinhood are not OpenAI equity and that they did not approve any transfer of their equity.
  • Robinhood responded that it provided a 'limited Stock Token giveaway' for OpenAI and SpaceX to eligible European customers, allowing retail investors indirect exposure to private markets through tokenized contracts.

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