# OpenAI Pushes Back on Robinhood's 'Stock Tokens'

*Author: Bankless*
*Published: Jul 3, 2025*
*Source: https://www.bankless.com/read/openai-pushes-back-on-robinhoods-stock-tokens*

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Robinhood has stepped into tokenized exposure for private companies like OpenAI and SpaceX, facing scrutiny over its derivative-based approach.

## **What’s the Scoop?**
- **Tokenization Expansion**: Robinhood has launched tokenized exposure to private company shares like OpenAI and SpaceX, minted on Arbitrum.
- **Derivative Nature**: These tokens don’t represent actual equity but are derivative contracts tracking valuation.
- **OpenAI's Response**: OpenAI criticized the move, stating it did not endorse or authorize these tokens and urging users to review official filings.
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