OpenAI warns that tokenized stock offered by Robinhood is not real equity.

OpenAI has distanced itself from Robinhood’s plan to offer “tokenized” equity in the AI giant, warning investors to be cautious. Robinhood announced it would offer tokenized shares of private companies like OpenAI and SpaceX to European users. OpenAI clarified that the tokens are not equity and require their approval. Tokenized assets are blockchain-enabled representations of securities like stocks, but they do not represent actual ownership in the company. Despite being one of the world’s most valuable private companies, OpenAI’s statement advised potential investors to “please be careful.” Robinhood’s token offering gives retail investors exposure to private assets, but it is not equivalent to owning equity in the company. CEO Vlad Tenev noted that the tokens provide indirect exposure to private markets, and other private companies have expressed interest in joining the “tokenization revolution” following the announcement.

Read more at Yahoo Finance: OpenAI warns its tokenized stock offered by Robinhood isn’t real equity: ‘Please be careful’