The Bank of Lithuania, Robinhood's lead EU regulator, said it is "awaiting clarifications" regarding the structure of the company's OpenAI and SpaceX stock tokens.
Robinhood says its stock tokens give users the ability to invest in s in the form of blockchain-based tokens.
However, ing the duct's launch last week, OpenAI warned users that "these 'OpenAI tokens' are not OpenAI equity.
"In this articleHOOD your favorite stocksCREATE FREE ACCOUNTAvishek Das | SOPA Images | Lightrocket | Getty ImagesLithuania's central bank on Monday said it has ed Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the duct last week.
"We have ed Robinhood and are awaiting clarifications regarding the structure of OpenAI and SpaceX stock tokens as well as the related consumer communication," Bank of Lithuania spokesman Giedrius Šniukas told CNBC via.
"Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments.
The information for investors must be vided in, fair, and non-misleading language.
"The Bank of Lithuania is Robinhood's lead regulator in the European Union after the company received a brokerage license and crypto asset service vider license from the central bank.
Robinhood was not immediately available for when ed by CNBC. Get a weekly round up of the top stories from around the world in your inbox every Friday.
It comes shortly after OpenAI distanced itself from Robinhood's "Stock Tokens" duct.
Launched on June 30, the duct gives users in the EU the ability to invest in s in the form of blockchain-based tokens, according to Robinhood — even for privately held firms OpenAI and SpaceX.
Ing Robinhood's announcement of the new token offering, OpenAI took to social media platform X to warn users that "these 'OpenAI tokens' are not OpenAI equity.
""We did not partner with Robinhood, were not involved in this, and do not endorse it," the company said at the time, adding "any transfer of OpenAI equity requires our apval — we did not apve any transfer" and urging users to apach the duct with caution.
In response to OpenAI's warning last week, Robinhood had said that its stock tokens "give retail investors indirect exposure to private, opening up access, and are enabled by Robinhood's ownership stake in a special purpose vehicle.
"watch now5:3205:32OpenAI says Robinhood tokens are not equity in the companySquawk Box.