Finance
OpenAI says it has not partnered with Robinhood for stock tokens
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
OpenAI clarifies it hasn't partnered with Robinhood for stock tokens launched in the EU, highlighting issues with private stock tokens.
(Reuters) -OpenAI said on Wednesday it has not partnered with Robinhood for the stock tokens the trading platform unveiled earlier this week.
Robinhood said on Monday it had launched tokens that would allow its customers in the European Union to get exposure to OpenAI and SpaceX.
"We did not partner with Robinhood, were not involved in this, and do not endorse it," OpenAI said.
The issue highlights a key challenge with tokens linked to private company stock. Privately held startups often have a so-called "right of first refusal", which gives them the first opportunity to buy back their shares before the owner can sell them to an outside party.
Robinhood and SpaceX did not immediately respond to Reuters requests for comment.
(Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona and Shinjini Ganguli)
No, OpenAI stated that it did not partner with Robinhood and was not involved in the stock tokens.
Robinhood launched tokens that allow customers in the European Union to gain exposure to OpenAI and SpaceX.
The issue highlights the challenge with tokens linked to private company stock, particularly the right of first refusal that privately held startups often have.
Robinhood and SpaceX did not immediately respond to requests for comment from Reuters.
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