OpenAI disavows Robinhood’s tokenized shares, Elon Musk chimes in – what’s going on?

OpenAI clarified that it did not authorize the promotion of Robinhood’s new ‘OpenAI token’ offering, which aims to provide access to equity through tokenized assets. This move has raised questions about legitimacy in the crypto space.

Elon Musk, co-founder of OpenAI, labeled the equity structure as ‘fake,’ while Robinhood’s CEO defended the tokens, highlighting their potential to democratize access to private companies. The debate underscores ongoing tensions within the crypto market.