Robinhood Tokens offering OPENAI equity is not equity, confirmed Vlad Tenev in a recent CNBC interview, but is supported by “Robinhood’s participation in a special vehicle”.
OPENAI warned earlier this month that the tokens offered by Robinhood do not represent equity in the company, and any transfer of equity would require the approval of Openai that they have not given.
“In itself, I do not think that it is completely relevant that it is not technically an instrument in actions,” said Tenev on CNBC. “What is important is that retail customers have the possibility of obtaining an exposure to this asset.”
Robinhood is not the first platform to offer actions in pre-time companies with this model.
Linqto, who offered an exhibition to retail investors via special vehicles that bought stocks on the secondary market, recently filed for a balance sheet, which has exactly raised what its customers, creditors, now held.
Among the companies is the undulation (XRP)And his CEO, Brad Garlinghouse, has publicly moved to Linqto’s undulation.
“We have stopped approving more Linqto purchases in the secondary markets at the end of 2024 in the middle of growing skepticism,” Garlinghouse tweeted earlier in July.
Read more: Openai warns that the sale of equity to Tokenized on Robinhood is not allowed
