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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Robinhood engages in discussions with European regulators regarding tokenization of stocks.
On July 8, Bloomberg reported that Robinhood Markets Inc. CEO Vlad Tenev stated that the company is in communication with regulators regarding its tokenization stock products launched in Europe, which have drawn criticism from several companies, including OpenAI. The California-based company announced last week that retail investors in the European Union can begin trading blockchain tokens representing U.S. stocks through its app. The launch also includes tokens for non-publicly traded companies like OpenAI. However, OpenAI, led by Sam Altman, later reminded traders that these "tokens" do not represent equity in the company. The brokerage is facing inquiries from regulators, including the Bank of Lithuania, regarding the structure of these tokens and whether they blur the line between real equity and derivation. The Bank of Lithuania has confirmed that it has sought details from Robinhood.