{"id":487884,"date":"2025-07-02T22:45:35","date_gmt":"2025-07-02T21:45:35","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=487884"},"modified":"2025-12-14T15:14:08","modified_gmt":"2025-12-14T15:14:08","slug":"openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing\/","title":{"rendered":"OpenAI disavows Robinhood\u2019s &#8216;OpenAI tokens,&#8217; says demo stock was not approved and has no equity backing"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/companies\/openai\/\">OpenAI<\/a> said on July 2 that digital tokens trading under its name on <a href=\"https:\/\/cryptoslate.com\/companies\/robinhood\/\">Robinhood\u2019s<\/a> new blockchain platform<\/span> <strong><a href=\"https:\/\/x.com\/OpenAINewsroom\/status\/1940502391037874606\">do not represent OpenAI equity<\/a><\/strong><span style=\"font-weight: 400;\"> and were listed without the company\u2019s consent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement posted on <a href=\"https:\/\/cryptoslate.com\/companies\/x\/\">X<\/a>, the artificial intelligence developer wrote:\u00a0<\/span><\/p>\n<blockquote><p><strong>\u201cThese \u2018OpenAI tokens\u2019 are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval\u2014we did not approve any transfer.\u201d\u00a0<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The company asked investors to \u201cbe careful,\u201d highlighting that any equity movement in the private firm must be approved by its board.<\/span><\/p>\n<h2><strong>Tokenized-stock pilot spurs confusion<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">OpenAI\u2019s comment follows Robinhood\u2019s June 30 event in Cannes, France, where CEO <a href=\"https:\/\/cryptoslate.com\/people\/vladimir-tenev\/\">Vlad Tenev<\/a> demonstrated a tokenized stock trade for an \u201cOpenAI\u201d position on the broker\u2019s forthcoming layer-2 blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Robinhood said the network, built with <a href=\"https:\/\/cryptoslate.com\/coins\/arbitrum\/\">Arbitrum<\/a> technology, will let eligible European users trade more than 200 US equities and exchange-traded funds 24\/7 with no commissions or spreads<\/span><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">.\u00a0The shares will be <a href=\"https:\/\/cryptoslate.com\/robinhood-unveils-crypto-heavy-roadmap-that-lifts-stock-to-all-time-high\/\">converted <\/a><\/span>into on-chain tokens<span style=\"font-weight: 400;\"> for transfer and settlement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The presentation helped push Robinhood\u2019s class-A shares up about 11% to a record $92, extending a month-long rally of roughly 34%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market chatter soon began treating the demo asset as de facto OpenAI equity, despite the company remaining privately held.<\/span><\/p>\n<h2><strong>Push for tokenized stocks<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Robinhood\u2019s initiative arrives amid a broader campaign to shift conventional equities onto public blockchains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In late June, Dinari<\/span> <strong><a href=\"https:\/\/cryptoslate.com\/dinari-wins-broker-dealer-license-to-roll-out-tokenized-stocks-across-us-platforms\/\">won broker-dealer registration<\/a><\/strong><span style=\"font-weight: 400;\"> for a subsidiary, positioning it to distribute its tokenized \u201cdShares\u201d to US brokerages after completing SEC onboarding.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The firm already issues blockchain-recorded shares to non-US users on Coinbase\u2019s Base network and states that it will settle future trades on a public chain while routing orders through registered market centers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/companies\/kraken\/\">Kraken<\/a> has meanwhile launched<\/span> <strong><a href=\"https:\/\/cryptoslate.com\/kraken-to-launch-24-7-trading-for-tokenized-us-stocks-via-solana\/\">a 24\/7 platform for tokenized US stocks<\/a><\/strong><span style=\"font-weight: 400;\">, and <a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a> has requested clearance from the SEC<\/span> <strong><a href=\"https:\/\/cryptoslate.com\/coinbase-seeking-sec-approval-to-offer-blockchain-based-equities\/\">to roll out a similar service<\/a><\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Proponents contend that putting equities on-chain trims clearing fees, shrinks settlement times to near real-time, and enables continuous trading.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI said on July 2 that digital tokens trading under its name on Robinhood\u2019s new blockchain platform do not represent OpenAI equity and were listed without the company\u2019s consent. In a statement posted on X, the artificial intelligence developer wrote:\u00a0 \u201cThese \u2018OpenAI tokens\u2019 are not OpenAI equity. We did not partner with Robinhood, were not [&hellip;]<\/p>\n","protected":false},"author":1511,"featured_media":487902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78326,1,37,79849,6849],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenAI disavows Robinhood\u2019s &#039;OpenAI tokens,&#039; says demo stock was not approved and has no equity backing<\/title>\n<meta name=\"description\" content=\"OpenAI\u2019s comment follows Robinhood\u2019s June 30 event in Cannes, France, where CEO Vlad Tenev demonstrated a tokenized stock trade for an \u201cOpenAI\u201d position.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenAI disavows Robinhood\u2019s &#039;OpenAI tokens,&#039; says demo stock was not approved and has no equity backing\" \/>\n<meta property=\"og:description\" content=\"OpenAI\u2019s comment follows Robinhood\u2019s June 30 event in Cannes, France, where CEO Vlad Tenev demonstrated a tokenized stock trade for an \u201cOpenAI\u201d position.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T21:45:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-14T15:14:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/openai-robinhood.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gino Matos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gino Matos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/openai-disavows-robinhoods-openai-tokens-says-demo-stock-was-not-approved-and-has-no-equity-backing\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/#person\",\"name\":\"Gino Matos\",\"url\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/gino-matos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-gino-300x300.jpg\",\"caption\":\"Gino Matos\"},\"jobTitle\":\"Reporter\",\"description\":\"Gino Matos is a seasoned crypto journalist and law graduate covering Brazil\u2019s blockchain ecosystem and DeFi developments.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/pelicamatos\",\"https:\/\/www.linkedin.com\/in\/ginomatos\",\"https:\/\/muckrack.com\/gino-matos\"]},\"headline\":\"OpenAI disavows Robinhood\u2019s &#8216;OpenAI tokens,&#8217; 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