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Elon Musk mocked OpenAI’s objection to Robinhood’s tokenized shares by questioning the legitimacy of OpenAI’s actual equity structure

OpenAI publicly disavowed any connection to Robinhood’s “OpenAI tokens,” stating it had no involvement in their creation, distribution or promotion

Vlad Tenev, CEO of Robinhood, defended the tokenized shares by acknowledging they are derivatives, not equity and said they offer retail investors simulated exposure to private companies

Robinhood launched a promotional campaign in the EU offering stock tokens for OpenAI and SpaceX, drawing significant attention and applause at Cannes

Robinhood restricted the availability of the tokens to European users, excluding US investors, due to regulatory limitations

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