Robinhood says that Openai stocks tokens that are a special purpose -vehicle back
Robinhood tokens that offer equity in Openai technically are not equity, Vlad Tenev confirmed in a recent interview with CNBCBut the “Stake of Robinhood Stakes supports a special purpose vehicle.”
Openai Warned earlier this month That the tokens offered by Robinhood do not represent equity to the company, and any equity transfer will require the approved of the Openai they did not provide.
“In and in itself, I don’t think it’s highly associated that it’s not technically an instrument of equity,” Tenev told CNBC. “What matters is that retail customers have the opportunity to get exposure to this possession.”
Robinhood is not the first platform that offers shares to pre-TIPI companies in this model.
Linqto, which offers exposure to investors through special vehicle goals to buy shares in the second market, Recently filed for lossesIncreasing questions about what exactly its customers are, which is now in hand.
Among the companies are Ripple (XRP)and its CEO, Brad Garlinghouse, has been out of public Ripple from Linqto.
“We stopped approved of more Linqto purchases in the second market in late 2024 amid the growing doubt,” Garlinghouse tweeted earlier in July.
Read more: Openai warns that the tokenized equity sale in Robinhood is not authorized
