Overview

• OpenAI’s newsroom warned that its tokens “are not OpenAI equity” and clarified the company did not partner with or approve Robinhood’s giveaway.
• Robinhood CEO Vlad Tenev acknowledged the tokens aren’t actual shares but argued they effectively track private-company valuations for retail investors via a special purpose vehicle.
• Eligible European users received a limited $5 giveaway of tokenized OpenAI and SpaceX stakes under EU rules that allow non-accredited participation in private-market offerings.
• Elon Musk weighed in by labeling OpenAI’s own equity structure “fake” after the AI maker publicly disavowed the token initiative.
• Robinhood describes this rollout as the first phase of a broader strategy that includes migrating tokenized assets to its own layer-2 blockchain for greater control and liquidity.