OpenAI’s warning sparks EU review of Robinhood’s stock token originally appeared on TheStreet.
The Bank of Lithuania, which regulates Robinhood on behalf of the European Union, has begun an investigation into the company’s newly announced tokenized equity products related to OpenAI and SpaceX.
Robinhood Markets is a financial services company based in the U.S. that lets users trade stocks, ETFs, options, and cryptocurrencies without paying any fees through a simple mobile app and website.
The central bank stated that it is “awaiting clarifications” from Robinhood regarding the legal structure and investor communication of the new offering.
Giedrius Šniukas, a spokesperson for the central bank of Lithuania, told CNBC that they had contacted Robinhood and were investigating whether the products conform to EU financial rules.
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Šniukas, in an email, told CNBC, “The information for investors must be provided in clear, fair, and non-misleading language.”
The scrutiny is a result of a public warning issued last week by OpenAI, which stated that it had no involvement with Robinhood’s purported “OpenAI tokens.” OpenAI said in a statement on X:
“These ‘OpenAI tokens’ are not OpenAI equity… We did not partner with Robinhood, were not involved in this, and do not endorse it.”
Robinhood launched tokenized stocks on June 30, providing EU-based users with blockchain-based access to shares, including those of private companies such as OpenAI and SpaceX. However, OpenAI emphasized that any transfer of its equity requires their approval, which was not given.
Robinhood responded to OpenAI’s concerns by stating that the tokens merely represent indirect exposure through its interests in a special purpose vehicle (SPV). Robinhood states that the product allows retail investors to access private markets. Robinhood did not comment further.
At press time, Robinhood’s stock (HOOD) is down 1.80% in the last 24 hours.
OpenAI’s warning sparks EU review of Robinhood’s stock token first appeared on TheStreet on Jul 7, 2025
This story was originally reported by TheStreet on Jul 7, 2025, where it first appeared.
