(Reuters) -OpenAI said on Wednesday it had not partnered with Robinhood for the stock tokens the trading platform unveiled earlier this week.
On Monday, Robinhood said it would grant 5 euros worth of OpenAI and SpaceX tokens to eligible users in the EU who register to trade stock tokens by July 7.
But in a post on X, OpenAI said it did not endorse the tokens and was not involved in the offering.
In response, a Robinhood spokesperson said the stock token giveaway was a "limited" offer, and enabled by its stake in a special purpose vehicle, without identifying the vehicle.
Stock tokens have stirred excitement as a way to potentially reshape securities investing, but creating tokens tied to private company shares is more challenging due to strict controls over how those shares can be traded.
SpaceX did not immediately respond to a Reuters request for comment.
(Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona and Shinjini Ganguli)
Robinhood Markets, Inc. specializes in the operation of mobile investment and financial services platforms for institutional investors and individuals. The group operates an online investment platform that allows clients to invest commission-free in stocks, Exchange Traded Funds (ETF), underlying assets, American Depository Receipts (ADRs), and to purchase shares in an initial public offering (IPO). At the same time, through its platform, the group offers automated transfer services of financial securities from a third-party trading account to the Robinhood trading venue. In addition, Robinhood Markets, Inc. operates a cryptocurrency trading platform (Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin) taking charge of real-time market data for 8 crypto-currencies. In addition, the group has a premium subscription platform allowing subscribers to access additional features (instant access to deposits, in-depth research reports on approximately 1,000 stocks via Morningstar, Nasdaq stock data, margin investing, securities lending, etc.), and a cash management platform. Net sales break down by type of income as follows:
- revenue from transactions (58.8%): primarily transactions in trading stock options (42.7% of revenues), cryptocurrencies (34.3%) and equities (11.5%);
- net interest income (37.6%): including interest income on securities lending operations, margin lending, margin loans, and cash and securities under separate management;
- other (7.4%).
At the end of 2025, Robinhood Markets, Inc. had USD 322.1 billion of assets under custody on behalf of 27 million monthly active users.
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