OpenAI has made an official statement rejecting the tokenized shares offered by Robinhood. This statement comes in response to recent announcements regarding the tokenization of private company shares.
OpenAI's Statement
In a post on X, OpenAI stated: “These ‘OpenAI tokens’ are not equity in OpenAI. We were not involved, did not approve any transfer, and do not endorse this.”
Clarification from Robinhood
Robinhood's CEO, Vlad Tenev, announced plans to offer tokenized versions of private company shares, including those of OpenAI and SpaceX, to European users. However, Robinhood clarified that its 'stock tokens' are derivative contracts that mirror the price of real stocks and ETFs but do not confer ownership or shareholder rights.
Context of Private Company Tokenization
This move raises questions about consent and ownership. Another investment platform, Republic, has made similar offerings, stating that while these tokens do not provide voting rights, they still track the underlying company’s valuation. The clash highlights a growing tension between tech firms and trading platforms as blockchain pushes into traditionally off-limits financial territory.
OpenAI's rejection of tokenized shares emphasizes the importance of legal and ethical issues in the context of emerging financial technologies. This incident also points to the need for clarity regarding asset rights amid the growing interest in tokenization.
