OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized
2025-07-02 22:42:11
Main Idea
OpenAI has stated that any tokenized equity offerings for its company on Robinhood are unauthorized, as it did not approve any such transfers.
Key Points
1. OpenAI clarified that 'OpenAI tokens' are not equity and the company did not partner with any entity for tokenized equity offerings.
2. Robinhood recently announced the launch of tokenized stock trading in Europe, including access to equities and ETFs, as well as secondary markets for startups like OpenAI and SpaceX.
3. OpenAI emphasized that any transfer of its equity requires its approval, which it did not grant for the Robinhood offering.
4. Robinhood's CEO mentioned having a relationship with a wealthy investor holding OpenAI/SpaceX shares, but it is unclear if these shares were acquired via authorized channels.
5. Dragonfly General Partner Rob Hadick noted that secondary markets often involve shares not officially owned, highlighting potential issues with unauthorized transfers.
Description
Tokenized equity offerings for OpenAI being offered to Robinhood users in Europe are not officially authorized by the company, the AI giant said in a social media post. "These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it," OpenAI posted on X. "Any transfer of OpenAI equity requires our approval — we did not approve any transfer." Earlier this week, Robinhood announced it was launching tokenized stock trading based on t...
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