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OpenAI Denies Involvement in Robinhood’s Tokenized Equity Launch on Arbitrum
Artificial intelligence giant OpenAI has denied any involvement or endorsement of Robinhood’s recent tokenized equity launch on the Arbitrum blockchain. According to a statement released by OpenAI, they did not authorize or partner with Robinhood for the creation and listing of “OpenAI tokens” on the platform.
The clarification comes as a surprise to many in the crypto and financial markets, given the significant impact such a partnership could have had on the industry.
Robinhood’s recent move has seen them deploy over 213 tokenized equities on Arbitrum, including those of Microsoft, Nvidia, and OpenAI itself, in a bid to expand its offerings to European clients.
The move follows similar efforts by other centralized exchanges Bybit and Kraken, which have started offering tokenized stock products through Backed Finance’s xStocks.
Source: cryptobriefing.com
