OpenAI Confirms Robinhood’s Tokenized Equity Offering Is Unauthorized

OpenAI clarified that the tokenized equity offerings for its shares being provided to Robinhood users in Europe are unauthorized. Key points include:

• OpenAI stated, "These ‘OpenAI tokens’ are not OpenAI equity" and denied any partnership with Robinhood.
• OpenAI emphasized that any transfer of its equity requires approval, which has not been granted.
• Robinhood recently announced tokenized stock trading on the Arbitrum blockchain, providing access to 200 equities and ETFs, including startups like OpenAI and SpaceX.
• Concerns arise regarding the legitimacy of Robinhood's tokenized offering and the source of the equity.
• Speculation exists that the offered equity may be based on previously acquired interests in OpenAI shares.
• Experts suggest that private companies might cancel unauthorized equity sales to protect shareholder agreements.

Robinhood did not provide a comment on the matter.