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.