Robinhood CEO: The tokenization of OpenAI and SpaceX stocks belongs to derivation rather than equity.

On July 3, The Block reported that Robinhood CEO Vlad Tenev stated, "Tokenized stock promotion is the seed of a larger vision; these tokens are not technically equivalent to stocks but still allow retail investors to track changes in company valuations. Users can see the specific mechanisms in our terms." The brokerage's official website also clearly states that these "stock tokens" do not represent real equity in the company but are a type of blockchain-based derivative contract, with their prices tracking changes in the market capitalization of real stocks. Earlier reports indicated that OpenAI officially released a statement denying authorization for Robinhood to launch related tokenized stocks, and the so-called "OpenAI tokens" do not represent company equity and there is no established partnership or endorsement of these projects by Robinhood. OpenAI emphasized that any transfer involving company equity must receive official approval, and the company has not approved any such transactions at this time, urging the public to remain vigilant.