On July 3, 2025, OpenAI publicly disavowed its association with Robinhood's tokenized equity initiative for European users. The company stated that the 'OpenAI tokens' are not affiliated with them and that they did not partner with Robinhood. This announcement followed Robinhood's launch of tokenized stock trading in the EU earlier in the week. (Source: Reuters, Axios)
Robinhood's EU launch allows commission-free trading of over 200 U.S. stocks and ETFs, including major companies. These tokens are issued in partnership with Arbitrum and trade 24/5. Robinhood planned to offer tokens linked to private companies like OpenAI and SpaceX. (Source: Reuters, Axios)
OpenAI clarified that any transfer of their equity requires their approval, which was not granted in this case. They cautioned users to verify the authenticity of such offerings. Robinhood aims to expand the number of available stock tokens to thousands by year-end. (Source: Reuters, Axios)