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Robinhood Dealing With Fallout of Tokenized Equities Offering

  • Robinhood Markets is facing fallout after offering tokenized equities, including tokens for SpaceX and OpenAI.
  • OpenAI issued a statement clarifying that they were not involved in the token offering with Robinhood.
  • The Bank of Lithuania, Robinhood's chief regulator in the EU, has requested clarification on the legality of the tokenized instruments.
  • The move towards tokenizing real-world assets raises questions about traditional financial services transitioning to blockchain and regulatory challenges.

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