Catenaa, Friday, July 11, 2025-OpenAI criticized Robinhood for launching tokenized versions of its private company shares without its approval, as the trading platform expanded its onchain offerings to European Union users.
In a post on X, the artificial intelligence firm said it had no involvement in the creation of so-called “OpenAI tokens” and warned that any transfer of its equity requires approval.
“We did not partner with Robinhood, were not involved in this, and do not endorse it,” OpenAI stated.
Robinhood CEO Vlad Tenev announced Monday the firm’s plan to introduce “stock tokens” for more than 200 private companies, including OpenAI and SpaceX. The tokens are designed to mimic the price movements of company shares but do not confer actual ownership or shareholder rights.
According to Robinhood, the stock tokens are derivatives recorded on blockchain networks that give users exposure to U.S. equity markets. The tokens track the underlying value of the companies but do not represent direct equity or legal claims.
OpenAI’s public objection comes as other platforms, including Republic, also explore tokenized shares for private tech firms such as Anthropic. While proponents say tokenization expands retail access to previously inaccessible investments, critics warn of legal and reputational risks.
Robinhood has not responded to OpenAI’s statement. The offering is limited to EU customers and follows the company’s broader move into blockchain-based financial products, including perpetuals trading and staking.
