OpenAI's warning over token misuse prompts EU regulators to investigate Robinhood's stock token offering. The Bank of Lithuania, which regulates Robinhood on behalf of the European Union, has begun an ...

Robinhood stock popped this week on news that European users could trade "tokenized" stock in private companies. OpenAI distanced itself from the plan.

OpenAI said Wednesday that it does not endorse Robinhood's sale of "OpenAI tokens," noting that these are not equity in the company.

OpenAI said Wednesday that it does not endorse the "tokenized" version of its stock that trading platform Robinhood plans to make available to its European users.

In response to OpenAI's warning last week, Robinhood had said that its stock tokens "give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood's ...

Hours after announcing these token sales, Robinhood’s stock price shot to an all-time high. But stock in private companies like OpenAI and SpaceX are not available to the public.