OpenAI Rejects Robinhood’s Token Launch, Says It Has No Affiliation

OpenAI publicly disavowed Robinhood’s new tokenized equity product on Monday after the trading platform launched crypto-based “OpenAI tokens” in Europe, according to CNBC. OpenAI stated on X that the tokens are not affiliated with the company, emphasizing that it had no partnership with Robinhood and did not authorize any equity transfer. Robinhood announced the launch Monday in Cannes as part of a broader showcase highlighting tokenized equities, staking, and new blockchain infrastructure. A Robinhood spokesperson responded to the post, stating that the tokens provide retail investors with indirect access to private markets through the company’s stake in a special purpose vehicle. U.S. users are prohibited from accessing the tokens due to regulatory restrictions.