Robinhood tokenization stocks questioned, communicating with regulators to respond

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On July 8, according to Bloomberg, Robinhood Markets Inc. CEO Vlad Tenev stated that the company is in communication with regulators regarding its tokenized stock products launched in Europe, which have previously drawn criticism from several companies including OpenAI.

The company, headquartered in Menlo Park, California, announced last week that retail investors in the European Union can start trading blockchain tokens representing U.S. stocks through its platform. This launch also includes tokens for non-publicly listed companies like OpenAI. However, OpenAI, led by Sam Altman, later reminded traders that these "tokens" do not represent ownership in the company.

The broker is under inquiry by regulatory agencies, including the Bank of Lithuania, regarding the structure of these Tokens and whether they blur the lines between real equity and derivatives. The Bank of Lithuania has confirmed that it has sought details from Robinhood.

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Blockblindvip
· 07-09 22:00
Let me understand how compliance is said.
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consensus_failurevip
· 07-09 09:48
Hype is everywhere, and regulation cannot escape.
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DaoGovernanceOfficervip
· 07-08 15:14
*sigh* empirically speaking, this tokenization lacks proper governance rails
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Blockwatcher9000vip
· 07-08 15:12
What problems can regulation solve?
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MechanicalMartelvip
· 07-08 15:09
Goodness, they're finding all sorts of ways to make money.
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BearMarketMonkvip
· 07-08 15:00
Investing in stocks is not as good as honestly buying coins.
View OriginalReply0
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