On Monday, Robinhood, the inventory, choices, and crypto buying and selling platform, introduced it was making tokenized shares of OpenAI and SpaceX accessible to customers in Europe.
Robinhood mentioned customers within the European Union who onboard to commerce inventory tokens by July 7 will obtain 5 euros value of OpenAI and SpaceX tokens. CNBC experiences that the corporate is providing $1 million value of OpenAI and $500,000 value of SpaceX.
The information despatched Robinhood’s shares up practically 13%, hitting a brand new all-time excessive for the corporate.
That is all properly and good for Robinhood, however OpenAI was not so happy, and tweeted a response that leaves little question about how they really feel about it: “These ‘OpenAI tokens’ aren’t OpenAI fairness. We didn’t companion with Robinhood, weren’t concerned on this, and don’t endorse it. Any switch of OpenAI fairness requires our approval—we didn’t approve any switch. Please watch out.”
These “OpenAI tokens” aren’t OpenAI fairness. We didn’t companion with Robinhood, weren’t concerned on this, and don’t endorse it. Any switch of OpenAI fairness requires our approval—we didn’t approve any switch.
Please watch out.
— OpenAI Newsroom (@OpenAINewsroom) July 2, 2025
When reached for remark, Robinhood spokesperson Rouky Diallo defined to TechCrunch that the OpenAI tokens giveaway is a part of a marketing campaign to present traders oblique publicity to OpenAI “by means of Robinhood’s possession stake in a particular goal automobile.” (A particular goal automobile, or SPV, is a subsidiary created by a mum or dad firm to isolate monetary danger, per Investopedia.)
Associated: Robinhood Methods Might Be a Recreation-Changer for Younger Traders
TechCrunch says that the token launch “suggests Robinhood owns shares of an SPV that controls a sure variety of OpenAI’s shares.” That means they’re providing possession of the automobile that owns OpenAI shares, not direct OpenAI shares.
Robinhood’s assist heart additional explains: “When shopping for inventory tokens, you aren’t shopping for the precise shares — you’re shopping for tokenized contracts that comply with their value, recorded on a blockchain. You should buy, promote, or maintain inventory tokens — however you can’t ship them to different wallets or platforms presently.”
If that is complicated to you, maybe this is not the funding alternative for you. And if it is sensible, you could be part-robot.
On Monday, Robinhood, the inventory, choices, and crypto buying and selling platform, introduced it was making tokenized shares of OpenAI and SpaceX accessible to customers in Europe.
Robinhood mentioned customers within the European Union who onboard to commerce inventory tokens by July 7 will obtain 5 euros value of OpenAI and SpaceX tokens. CNBC experiences that the corporate is providing $1 million value of OpenAI and $500,000 value of SpaceX.
The information despatched Robinhood’s shares up practically 13%, hitting a brand new all-time excessive for the corporate.
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