Robinhood faces backlash over OpenAI equity tokens
Description
OpenAI has publicly disavowed Robinhood’s tokenized “OpenAI” shares, stating they don’t represent real equity and were issued without approval. Robinhood defended the tokens as offering indirect exposure via a special vehicle, while Elon Musk escalated the feud by calling OpenAI’s actual equity “fake.”
Publish date
July 3, 2025