Cannes – Robin Stock climbed to 10% to its highest all-time high after the company was launched Tokenization Shares Openai and SpaceX European users as part of the larger crypto promotion.
This is the first step for the company to have access to private equity through blockchain.
The announcement was released during the company’s product display at Cannes, as part of a broad effort to expand Robinhood’s. encryption Global Footprint. Tagged assets will only be available through Robinhood’s EU cryptocurrency app, which now trades over 200 tagged stocks and ETFs five days a week, with no commissions or spreads, and can trade over 24 hours a day.
Openai and SpaceX stand out because neither company is publicly listed and has historically been available for its equity, limited to insiders and super-affluent investors.
“We wanted to make sure we were getting access,” said Johann Kerbrat, senior vice president and general manager at Robinhood. “What we were talking about on the stage was how to address inequality between people who had historically access to such companies — and everyone else. It was the really exciting part: Now everyone can get it.”
“The goal of tokenization is to get anyone involved in this economy,” he added.
To commemorate the launch, Robinhood will provide €5 worth of OpenAI and SpaceX tokens to every qualified user in the EU, who trade stock tokens on the board by July 7. The company has allocated $1 million worth of OpenAI and $500,000 worth of SpaceX for the campaign.
This marks the first time Robinhood has driven private companies – part of the EU’s more flexible regulatory environment.
“There are no approved investor rules here in the EU, so anyone who is eligible to trade stock tokens can access them,” Kerbrat explained.
Although the EU is being launched, Robiling said at the time that US users should not visit as soon as possible.
Regulatory barriers – especially accredited investor restrictions – remain the main barrier to bringing tokenized private equity to the U.S. market. CEO Vlad Tenev Publicly called for reforms, believing that blockchain could unlock wider participation in private markets.
The tokenized stock is allocated to user accounts through Robinhood’s custody wallet, part of a broader infrastructure drive, which also includes the company’s new Layer 2 blockchain built on arbitration, which was announced on the day.
Although U.S. users are still unable to access to token stocks in private companies, they are gaining access to cryptocurrencies.
Robinhood also launched Ethereum and Solana’s staking in the United States, a feature previously blocked by the Securities and Exchange Commission. The move marks a sign of a re-introduction of surrendered crypto products into the domestic market.
