Recently, OpenAI denied the information regarding the so-called 'OpenAI tokens' being offered to Robinhood users in Europe. This context brings to light issues of tokenized stock trading and related legal implications.
OpenAI's Statement on Tokens
OpenAI officially announced that the tokens offered to Robinhood users in Europe were not sanctioned by the company. In a public statement, it was emphasized that these tokens are not shares of OpenAI. Additionally, it was noted that any share transfer cannot occur without OpenAI's approval, and no such approvals have been granted.
Robinhood's Innovations in Tokenized Trading
This week, Robinhood announced the launch of its Arbitrum blockchain-based tokenized stock trading application for European users. The platform provides access to over 200 stocks and ETFs. Furthermore, a secondary market for tokenized shares of leading companies like OpenAI and SpaceX is set to launch soon.
Legal Aspects of Tokenized Stocks
Offering tokenized shares of private companies is not a new practice. Back in 2018, a blockchain initiative named Swarm announced plans to offer tokenized shares in new ventures, including Robinhood. However, several companies involved had declared the associated sales unauthorized. Discussions surrounding tokenized stocks and their legalities continue to raise concerns among experts.
The ongoing discussions about tokenized shares and their legal implications are drawing attention from experts. Given the current events, it is important for investors to keep tabs on the situation and consider potential legal ramifications.
