Openai said on July 2nd that digital tokens will trade under that name on Robinhood’s new blockchain platform Do not represent Openai equity Listed without company consent.
In a statement posted to X, the artificial intelligence developer wrote:
“These ‘Openai tokens’ are not fair for Openai. We did not partner with Robinhood, did not engage in this, nor did we support it. Authorization is required for the transfer of OpenaiEquity. The transfer was not approved. ”
The company asked investors to “be careful,” emphasizing that private company equity movements must be approved by the board.
Pilots of tokenized stocks cause confusion
Openai’s comments followed the June 30 event of Robin Hood in Cannes, France, where CEO Vlad Tenev showed tokenized inventory transactions for the “Openai” position on the broker’s upcoming Layer-2 blockchain.
Robinhood said the network built with Arbitrum Technology allows eligible European users to trade more than 200 US stocks and exchange trade funds 24/7.. Stocks will be converted On-chain token For relocation and payment.
The presentation increased Robinhood’s Class A share by about 11% to a record $92, extending the month’s rally by about 34%.
Market chatter has begun treating demonstration assets as effectively open equity, despite the company remaining private.
Push tokenized stock
The Robinhood initiative arrives amid a broader campaign to shift traditional stocks to public blockchain.
Late June, Dinari Broker dealer registration has been acquired For subsidiaries, after completing SEC onboarding, the tokenized “DSHARE” will be distributed to US securities companies.
The company says it will resolve future transactions in the public chain while already issuing stocks recorded on the blockchain to non-US users on Coinbase’s base network and route orders through registered market centres.
Meanwhile, Kraken has been released A 24/7 platform for tokenizing US stocksand Coinbase requested clearance from SEC To develop similar services.
Advocates argue that trimming stocks on-chain will reduce clearing fees, reduce settlement times in near real-time, and allow for ongoing trading.
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