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    Home»Crypto News»Robinhood CEO Acknowledges OpenAI Crypto Inventory 'Controversy'—However Is Doubling Down – Decrypt
    Robinhood CEO Acknowledges OpenAI Crypto Inventory 'Controversy'—However Is Doubling Down – Decrypt
    Crypto News

    Robinhood CEO Acknowledges OpenAI Crypto Inventory 'Controversy'—However Is Doubling Down – Decrypt

    By Crypto EditorJuly 21, 2025No Comments3 Mins Read
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    Robinhood CEO Acknowledges OpenAI Crypto Inventory 'Controversy'—However Is Doubling Down – Decrypt

    Briefly

    • Robinhood CEO Vlad Tenev acknowledged that the corporate’s latest issuance of tokenized OpenAI inventory garnered controversy, however nonetheless known as the experiment a “large milestone.”
    • OpenAI denounced the initiative, which it didn’t authorize, earlier this month.
    • The tokenized inventory let holders observe the non-public firm’s value, however didn’t supply OpenAI fairness or voting rights.

    Robinhood CEO Vlad Tenev conceded his firm’s latest foray into providing tokenized shares has been contentious, to say the least—however remained steadfast in his dedication to increasing the initiative.

    “Being the primary to really tokenize these nice corporations is a giant milestone,” Tenev instructed Decrypt in an interview Friday. “In fact, each time you are the primary to do one thing fascinating, it has some ingredient of controversy.”

    Earlier this month, Robinhood rolled out a giveaway of tokens, issued on Ethereum layer-2 community Arbitrum, representing inventory in non-public corporations together with OpenAI. The OpenAI inventory token, nonetheless, was not really approved by the factitious intelligence big, which vigorously denounced the product as quickly because it was introduced.

    The OpenAI inventory token—which was airdropped completely in Europe—didn’t characterize any precise fairness within the firm, or supply voting rights to holders. It merely tracked the perceived value of the corporate on secondary markets.

    Tenev stated that whereas he was actually conscious of the pushback from OpenAI, and the media affect of Robinhood’s splashy entrance into tokenized shares, the manager stays centered on the potential of the rising asset class, which he believes is big.

    “I do not actually take into consideration the splash,” the CEO stated. “It is actually about placing an actual product within the palms of shoppers that is helpful, and I believe [the launch] achieved that in a giant manner.”

    Tenev stated he’s wanting to push ahead with Robinhood’s tokenized inventory initiative, which he’s just lately stated may quickly unfold to 1000’s of personal corporations. 

    “Now it is nearly increasing it to extra corporations, and determining a path to allow the DeFi section two and section three,” he added, referring to Robinhood’s longer-term plans of integrating its tokenized inventory merchandise with decentralized finance markets.

    Robinhood’s daring tokenized inventory rollout didn’t simply appeal to the ire of implicated companies like OpenAI. It might have additionally attracted the eye of the SEC, which, simply days after the product launched, issued a press release cautioning corporations about the necessity to adjust to securities legal guidelines when enjoying round with shares—even when blockchain expertise is concerned. 

    “As highly effective as blockchain expertise is, it doesn’t have magical talents to remodel the character of the underlying asset,” SEC Commissioner Hester Peirce stated. “Tokenized securities are nonetheless securities.”

    “Accordingly,” she added, “market members should take into account—and cling to—the federal securities legal guidelines when transacting in these devices.”

    Tenev pushed again on the notion that his firm’s latest experimentations could have performed an element in triggering the SEC’s warning.

    “Commissioner Peirce’s response, I do not consider, was particular to us,” the Robinhood co-founder stated. “I believe it was only a normal assertion that, ‘We would prefer to see tokenization occur, we might prefer it to occur safely, and we’re engaged on a framework.’ And naturally, we have been part of that.”

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