India, July 3 -- OpenAI on Wednesday distanced itself from Robinhood's rollout of tokenized shares tied to OpenAI and SpaceX, cautioning investors that these tokens do not represent actual equity in the company.
"These 'OpenAI tokens' are not OpenAI equity," the company stated on X. "We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval we did not approve any transfer. Please be careful."
Robinhood introduced its new tokenized equity products during a showcase in Cannes, France, as part of a broader push to expand its crypto offerings and blockchain infrastructure.
The trading platform offered eligible European users 5 euros worth of OpenAI and SpaceX toke...