"EU Launches Review of Robinhood's Stock Token Following OpenAI's Warning"

The Bank of Lithuania investigates Robinhood’s tokenized equity products tied to OpenAI and SpaceX, seeking clarity on legal structure and investor communication. OpenAI publicly warns it has no involvement with Robinhood’s “OpenAI tokens,” stressing that any transfer of its equity requires approval. Robinhood asserts its tokens offer indirect exposure through a special purpose vehicle. At present, Robinhood’s stock (HOOD) is down 1.80% in the last 24 hours.

Read more at Yahoo Finance: OpenAI’s warning sparks EU review of Robinhood’s stock token