Elon Musk, CEO of x.AI and SpaceX, criticized the OpenAI stock tokens offered by Robinhood, labeling them as 'fake equity'. This statement raises questions about the legitimacy of tokenized assets.
Critique of OpenAI Stock Tokens
Elon Musk publicly criticized Robinhood's OpenAI stock tokens on July 2, 2025, stating that they are 'fake equity' on Twitter.
Robinhood's Approach to Tokens
Robinhood claims these tokens provide indirect exposure to private markets, but both Musk and OpenAI have expressed concerns about their legitimacy.
Regulatory Perspective on Tokenized Equities
Musk's critique has highlighted Robinhood in terms of the legitimacy of their tokens. Given the potential regulatory scrutiny, investor confidence and the future of tokenized assets may be influenced.
The situation surrounding Robinhood's stock tokens raises important questions about the legitimacy of tokenized ownership and potential regulatory responses that could significantly impact the market.
