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

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Now, CEO Vlad Tenev has responded to the backlash and said that “while it is true that they aren’t technically equity, [the] tokens effectively give retail exposure to these private assets.”
Vlad Tenev says Robinhood’s OpenAI and SpaceX “stock tokens” are derivatives, not equity, after Sam Altman’s artificial intelligence company slammed the move.