OpenAI Denies Robinhood Stock Token Partnership

OpenAI on Wednesday said that it had not partnered with the trading platform Robinhood for the stock tokens it had unveiled earlier this week.

This clarification from the AI giant came after Robinhood announced it would offer 5 euros worth of OpenAI and SpaceX tokens to eligible users in the European Union who registered to trade stock tokens by July 7.

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Open AI said that it did not endorse the tokens and was not involved in the offering.

“These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.  Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful,” OpenAI’s newsroom account said in a X post on Wednesday.

These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer.

Please be careful.

— OpenAI Newsroom (@OpenAINewsroom) July 2, 2025

According to a Robinhood spokesperson, the stock token distribution was a “limited” offer, which they could provide due to their interest in an unnamed special purpose vehicle.

Stock tokens have generated excitement because they could change how we invest in securities. However, creating tokens tied to private company shares presents a greater challenge. That’s because there are strict controls over how those shares can be traded.

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SpaceX did not immediately respond to Reuters requests for comment.

(With inputs from Reuters)