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OpenAI denies authorizing Robinhood to launch tokenized stocks, with HOOD falling about 2% in pre-market trading.
Market data shows that Robinhood’s pre-market shares fell about 2%, after OpenAI denied any connection with Robinhood’s Token.
On July 3, OpenAI officially released a statement denying authorization for Robinhood to launch related tokenized stocks. It stated that the so-called “OpenAI Token” is not company equity and that it has not established any partnership with Robinhood or participated in endorsing related projects. OpenAI emphasized that any transfer involving company equity must receive official approval, and currently, the company has not approved any such transactions, urging the public to remain vigilant.
Recently, Robinhood announced that Robinhood EU has launched the world’s first tokenized stocks of private companies, including tokens for OpenAI and SpaceX. Robinhood EU is giving away the first batch of private company stock tokens for OpenAI and SpaceX for free. If you are a Robinhood EU user and meet the eligibility criteria, you can claim the tokens within the app.
Musk commented on this: your “equity” is fake.