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OpenAI Rejects Involvement in Robinhood’s Equity Tokens Offer
OpenAI has publicly distanced itself from a recent tokenized equity offering by Robinhood, the popular trading platform. The company’s decision comes amid concerns over investor protection and potential regulatory confusion.
Robinhood had launched a limited promotional campaign in European markets, offering eligible users a five-euro worth of tokens referencing OpenAI and SpaceX. However, OpenAI has made it clear that these “OpenAI tokens” do not represent direct ownership in either company.
“We did not partner with Robinhood, were not involved in this, and do not endorse it,” the company stated in an official statement. “Any transfer of OpenAI equity requires our approval – we did not approve any transfer.”
Elon Musk, now leading SpaceX, also weighed in on the controversy. He tweeted that the tokens being offered are “fake.” His comment served to further challenge the legitimacy of Robinhood’s tokenized offerings and amplify concerns regarding misleading branding.
The situation highlights a growing tension between tokenization and investor protection. As more companies enter the tokenization space, brand misuse becomes an increasingly significant concern.
Source: cryptotale.org
