OpenAI said it did not partner with Robinhood on the tokens and emphasized no equity transfer was apved. Robinhood unveiled the tokens at a Cannes duct event, sending its stock to a new all-time high.
The motion offers 5 euros worth of tokens to EU users, though U. Users remain excluded due to regulatory barriers.
In this articleHOOD your favorite stocksCREATE FREE ACCOUNTJaque Silva | Nurphoto | Getty ImagesOpenAI is distancing itself from Robinhood's crypto push after the trading platform began offering tokenized s of OpenAI and SpaceX to users in Europe.
"These 'OpenAI tokens' are not OpenAI equity," OpenAI wrote on X. "We did not partner with Robinhood, were not involved in this, and do not endorse it.
"The company said that "any transfer of OpenAI equity requires our apval — we did not apve any transfer," and warned users to "please be careful.
"Robinhood announced the launch Monday from Cannes, France, as part of a broader duct showcase focused on tokenized equities, staking, and a new blockchain infrastructure play.
The company's stock surged above $100 to hit a new all-time high ing the news.
"These tokens give retail investors indirect exposure to private, opening up access, and are enabled by Robinhood's ownership stake in a special purpose vehicle," a Robinhood spokesperson said in response to the OpenAI post.
Read more CNBC newsAI virtual personality YouTubers, or 'VTubers,' are earning millionsJeff Bezos sells $737 million worth of Amazon sTesla s drop on Musk, Trump feud ahead of Q2 deriesChipmakers get larger tax credits in Trump's 'big beautiful bill'Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7.
The assets are issued under the EU's looser investor restrictions via Robinhood's crypto platform. "This is expanding access," said Johann Kerbrat, Robinhood's SVP and GM of crypto.
"The goal with tokenization is to let anyone participate in this economy.
"The episode highlights the dynamic between crypto platforms seeking to democratize access to financial ducts and the companies whose names and equity are being represented on-chainU.
Users cannot access these tokens due to regulatory restrictions. Watch now2:4302:43Robinhood hits record high as OpenAI, SpaceX go on-chainPower Lunch.