- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Robinhood CEO: Tokenized Stocks of OpenAI and SpaceX Are Derivatives, Not Equity
BlockBeats News, July 3rd, according to The Block, Robinhood CEO Vlad Tenev stated, "The promotion of tokenized stocks is a seed of a larger vision, these tokens are not technically equivalent to stocks, but still allow retail investors to track changes in company valuation. Users can see the specific mechanism in our terms."
The brokerage's official website also clearly states that these "stock tokens" are not actual company shares, but rather a blockchain-based derivative contract whose price tracks the real stock's market value.
Previously reported, OpenAI officially released a statement denying authorization for Robinhood to launch related tokenized stocks. The so-called "OpenAI Token" does not represent company equity, nor has it established any partnership with Robinhood or endorsed any related projects. OpenAI emphasized that any transfer involving company equity must receive official approval, and the company has not approved any such transactions to date, urging the public to remain vigilant.
You may also like
More brutal than a bear market, OpenClaw founder advises young people to stay away from crypto
JPMorgan and Goldman raise gold price targets; will on-chain finance welcome a new reserve asset cycle?
dFans: OnlyFans of the AI Era
Tron Industry Weekly Report: Geopolitical Turmoil Escalates, BTC Continues to Test $60,000, Detailed Explanation of the Protocol Konnex for AI Autonomous Collaboration and Settlement on the Chain
From CTA to AI: The Evolution of Adaptive Quant Strategies in Crypto Markets
Explore how an LLM-powered AI market-neutral trading strategy achieved a 2.75 Sharpe ratio with controlled drawdown. Inside crypto_trade’s adaptive hedging system at the WEEX AI Trading Hackathon.
How 30+ Global Sponsors Powered WEEX AI Trading Hackathon Into a $1.88M Carnival
Discover how 30+ global sponsors including AWS helped power the $1.88M WEEX AI Trading Hackathon, turning AI strategies into live crypto market competition.
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
I have given up using OpenClaw
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
The harvesting tactics of the quantitative giant Jane Street
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
WLFI at it Again? Banking License Controversy Amid $500M Investment
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
More brutal than a bear market, OpenClaw founder advises young people to stay away from crypto
JPMorgan and Goldman raise gold price targets; will on-chain finance welcome a new reserve asset cycle?
dFans: OnlyFans of the AI Era
Tron Industry Weekly Report: Geopolitical Turmoil Escalates, BTC Continues to Test $60,000, Detailed Explanation of the Protocol Konnex for AI Autonomous Collaboration and Settlement on the Chain
From CTA to AI: The Evolution of Adaptive Quant Strategies in Crypto Markets
Explore how an LLM-powered AI market-neutral trading strategy achieved a 2.75 Sharpe ratio with controlled drawdown. Inside crypto_trade’s adaptive hedging system at the WEEX AI Trading Hackathon.
How 30+ Global Sponsors Powered WEEX AI Trading Hackathon Into a $1.88M Carnival
Discover how 30+ global sponsors including AWS helped power the $1.88M WEEX AI Trading Hackathon, turning AI strategies into live crypto market competition.
App