Robinhood faced criticism after offering EU users derivative tokens linked to OpenAI and SpaceX valuations, which were initially presented as tokenized shares

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The push to offer users the ability to trade tokenized equities — including potentially shares of private companies — grabbed headlines this week after Robinhood announced it would allow EU users to acquire tokenized shares of OpenAI and SpaceX. OpenAI later clarified it did not support Robinhood’s initiative. In fact, the digital tokens Robinhood offered are derivatives based on OpenAI’s valuation, rather than actual tokenized shares of the company.