Robinhood CEO Describes OpenAI Stock Tokenization as 'Seeds of Revolution', Denial of Partnership Causes Stir

On the 3rd, Robinhood's CEO Vladimir Tenev described the OpenAI stock tokenization service as 'the seeds of something much bigger.' On platform X, he posted that 'many unlisted companies are eager to join the tokenization revolution,' explaining that while tokens are technically not stocks, they do offer investment opportunities to individual investors. Tenev's remarks came in response to a statement from OpenAI. On the same day, OpenAI issued a denial, stating, 'There is no partnership with Robinhood, and we are not involved in nor do we endorse this service.' This clear rejection has cast doubts on the legitimacy of the stock token service Robinhood launched this week.