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Bank of Lithuania Probes Robinhood’s Blockchain Stock Tokens

The central bank has requested detailed disclosures on SPV-backed token structures representing U.S. equities after OpenAI’s warning.

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Overview

  • The Bank of Lithuania, acting as Robinhood’s lead EU regulator, has opened a review and is awaiting detailed explanations of the special purpose vehicle structure and investor communications for OpenAI and SpaceX tokens.
  • OpenAI publicly disavowed the ‘OpenAI tokens,’ clarifying they do not represent its equity and that any transfer requires its approval.
  • Robinhood launched the Stock Tokens product on June 30 via the Arbitrum layer-2 network to offer EU retail investors indirect exposure to both public and private U.S. companies.
  • CEO Vlad Tenev defended the derivative design on July 8, arguing that the technical equity classification is secondary to broadening retail access.
  • Robinhood holds both brokerage and crypto asset service licenses in Lithuania and says it has built the token program to meet EU compliance and withstand regulatory scrutiny.