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Robinhood CEO responds to OpenAI tokenized stock controversy, vows to continue and expand business
Summary: Robinhood CEO Vlad Tenev recently responded to the controversy surrounding the launch of OpenAI tokenized stocks, stating that the company will firmly push forward and expand this business. Previously, OpenAI publicly opposed the tokenized product, stating that Robinhood did not have authorization to use its name, and the US SEC also warned that tokenized securities ...
Robinhood CEO Vlad Tenev recently responded to the controversy surrounding the launch of OpenAI tokenized stocks, stating that the company will firmly push forward and expand this business. Previously, OpenAI publicly opposed the tokenized product, stating that Robinhood did not have authorization to use its name, and the US SEC also warned that tokenized securities still need to comply with federal securities laws. In response, Tenev said, 'Becoming the first platform to tokenize these excellent companies is an important milestone. Whenever you pioneer something meaningful, there will always be some controversy.' He also revealed plans to expand this model to thousands of private companies and integrate with the DeFi market. (Decrypt)
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