Robinhood launches tokenized stocks despite OpenAI opposition

Robinhood introduced tokenized stock products, despite dissent from OpenAI, to democratize private equity investment opportunities globally.

The firm’s strategy emphasizes obtaining regulatory clarity to enable expansions in the U.S. Market, particularly under the proposed “CLARITY Act.”

Investments included $1 million in OpenAI and $500,000 in SpaceX tokens. CEO Vlad Tenev reported successful transactions, indicating significant market interest.