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Robinhood releases into a crisis when EU regulatory bodies initiate investigations “Stock tokens” Blockchain -based “ Now it has been involved in controversy as OpenI and SpaceX publicly distincts the links to the investment product launched on June 30.
Lithuania Bank examines the legality of these tokenized assets of the following Openai alarmwhich emphasized the risks and regulatory chaos surrounding the offer of private market in Europe.
“We have contacted Robinhood and are waiting to clarify the structure of Openai and SpaceX token and related consumer communication,” said Giedrius Šniukas, spokesman for Bank of Lithuania.
“Only after receiving and evaluating this information will we be able to assess the legality and adherence to these specific tools. Information for investors must be provided by a clear, fair and immense language,” he added.
The Robinhood offer token attracts fire over the misleading exposure of Openai
1 July Openai took any connection with the tokens and wrote: “We have not confirmed with Robinhood, were not involved and approve of it. No transfer of our own capital requires our consent; we have not approved any conversion.”
Elon Musk, who co -founded Openi but left in 2018, he responded sharply to Openi Denial With a blunt comment: “Your” own capital “is fake.”
His comment, however, focused on the inner structure of Openii and did not solve the tokens SpaceX, which were also part of the promotion.
@Penai He rejected the links to the “Openilai Token” Robinhood, saying that the campaign had never approved, while Elon Musk criticized the structure of his own capital.#Openai #Robinhood https://t.co/nqffi34iyyk
– Cryptonews.com (@cryptonews) 3 July 2025
Unlike the impression of ownership and as note The company, tokenized assets of Robinhood does not provide any real rights to its own capital or voting rights. Instead, these are contracts for tracking prices issued on the Arbitrum Ethereum network, accessible only to users in the European Union.
Especially at the start of the announcement, Robinhood’s Stock (NASDAQ: HOD) sent rising. 1 July share sharp Almost 13% to historically maximum. The rally continued in early July and for the first time briefly pushed shares over $ 100.
But the momentum has cooled since then. Robinhood shares are at the time of writing trading to $ 92.96, by 1.45% per day.
The design of the critics tokens slams as centralized, illicit and misleading
While Robinhood’s shares are the main step in the crypto and tokenization space, the debate on the ethics and legality of its own capital tokenization in non -public companies has persisted and increased. As many see legality as a gray area, critics say that the product can mislead retail investors by blurring the boundary between real capital and synthetic exposure.
“Robinhood’s OpenIi tokenized stock product would face serious SEC control in the US because of its fundamentally opaque SPV structure that obscures critical protection of investors,” said Kurt Watkins, founder of Watkins Legal.
“There is no guarantee that the tokens will monitor the price of OpenIi because they lack meaningful fundamental rights and can face liquidity problems,” he added.
The token construction also caused concerns about centralized control and limited usefulness. Ren, an Electric Capital investment partner, described Robinhood’s implementation as a “brick garden”, remarking that token transfers were limited through a register of a whitelist wallet that effectively blocks access to open defi protocols.
Nevertheless, some investors say that Robinhood simply democratizes access to traditionally exclusive markets. “All Robinhood was created token that follows the OpenAi award on private markets,” he wrote Investor Amit Kukeja on X.
“You literally don’t buy shares of these companies, but shares are only certificates; the digital representation of these assets is all that matters.”
While the EU regulators continue to evaluate the legality of the product, Robinhood stood in its offer and said that stock tokens are designed to provide retail investors to meet and safe access to private capital.
Crypto business Robinhood’s Crypto Business Powers 50% Revenue overvoltage in Q1
Robinhood’s pushing into the crypt He played an important role in his recent growth. The company’s cryptocurrency business has contributed to a 50% year -on -year increase in income from Q1, with a crypt trading generated by $ 252 million, which is almost twice the amount of the same period in 2023.
This number also slightly defeated the expectations of analysts, indicating the intensive activity of users even in market volatility. Total revenue based on transactions, including possibilities, stocks and cryptocurrencies, increased by 77%, with a key contributor being trading with bitcoins.
@RobinhoodApp He signed a definitive agreement to obtain Wonderfi, one of the leading Canadian regulated platforms of digital assets. #Robinhood #Obtaining https://t.co/ccajzwnbrg
– Cryptonews.com (@cryptonews) 13 May 2025
In particular, the company has also expanded through acquisitions. This year Robinhood Crypto Exchange Bitstamp and Canadian company Wonderfi In agreement $ 179 million.
Contribution Robinhood Stock Tokens faces the EU’s probe a regulatory probe after OpenIa warns: “Not our capital” He appeared for the first time Cryptonews.
