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The Tech Basic > News > OpenAI Condemns Robinhood Tokens: Unauthorized “Equity”
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OpenAI Condemns Robinhood Tokens: Unauthorized “Equity”

Salman Akhtar
Last updated: 3 July 2025 12:06
Salman Akhtar
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Image Source: Yahoo Finance
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OpenAI issued a statement on its official newsroom X account. The company made it clear that tokens sold by Robinhood are not equity in OpenAI. OpenAI said it did not partner with Robinhood. It did not give permission for any share transfers. The company urged care and warned that only it can approve real transfers of its stock.

Contents
How Robinhood’s Tokens WorkRobinhood Defends Its OfferPrivate Firms Guard Their EquityWhat Investors Should Know
OpenAI
Image Source: TechCrunch

How Robinhood’s Tokens Work

Robinhood is offering “tokenized contracts” tied to private companies. These include OpenAI and SpaceX. The tokens mimic the price of shares held in a special purpose vehicle. The vehicle owns real shares of those private firms. Token buyers gain indirect exposure through that link. Robinhood notes in its help center that tokens are not actual stock. They are contracts on a blockchain.

Robinhood Defends Its Offer

Robinhood said the token giveaway is limited and aimed at retail investors. The firm’s spokesperson explained that the tokens follow SPV share values. Robinhood’s CEO said the move could start a wider tokenization trend. He pointed to interest from other private firms. Yet SPV share prices can vary from direct stock prices.

Private Firms Guard Their Equity

Most private companies sell shares only to chosen investors. They work hard to control their stock value. Startups such as Figure AI have sent legal notices when brokers offer their shares. OpenAI’s public warning reflects that same desire. The company wants to prevent confusion over its ownership.

What Investors Should Know

Investors should know that these tokens carry risks. They do not give voting rights or dividends. They depend on the SPV structure and blockchain contracts. True ownership of private company stock remains limited to approved holders. Anyone seeking real equity in OpenAI must go through direct channels approved by the company.

OpenAI
Image Source: Yahoo Finance

OpenAI’s clear rejection should serve as a reminder. Tokens may promise access. But they do not change the private status of a company’s shares. Users must read the terms carefully before taking part in such offers.

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Salman Akhtar
By Salman Akhtar
View enlightening tech pieces written by S. Dyemazandria. Keep up with the most recent news, advice, and trends in the field of technology.

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