Robinhood Stock tokens face scrutiny in EU after Openai warns


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Lithuania’s central bank said on Monday it had contacted Robin After Openai, seek clarification on its token stock Gave people’s attention Products from last week.

“We have contacted Robinhood and are awaiting clarification on the structure of OpenAI and SpaceX stock tokens and related consumer communications,” Lithuania spokesman Giedriusšniukas told CNBC via email.

“We can only evaluate the legitimacy and compliance of these specific tools after receiving and evaluating this information. Investor information must be provided in clear, impartial and non-misleading language.”

Lithuania Bank is from Robinhood Major regulatory bodies in the EU The company obtains a brokerage license and a crypto asset service provider license at the central bank. When CNBC contacts CNBC, comments are not immediately allowed.

Shortly after Openai stayed away from Robinhood’s “stock token” product. According to Robinhood, the product was launched on June 30, giving EU users the ability to invest in stocks in the form of blockchain-based tokens, even for private companies such as OpenAI and SpaceX.

After Robinhood announced its new token offering, OpenAI visited social media platform X, warning users that “these’ Openai tokens are not Openai Equity.”

“We did not work with it, did not participate in it, nor did we endorse it,” the company said at the time. The company added, “Any transfer of equity requires our approval – we do not approve any transfers” and urged users to be cautious about the product.

In response to last week’s Openai warning, Robinhood said its stock token “gives retail investors indirectly access to private markets, open access, and achieves through Robinhood’s ownership stake in special purpose tools.”



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