Robinhood stock popped this week on news that European users could trade "tokenized" stock in private companies. OpenAI distanced itself from the plan.

OpenAI said Wednesday that it does not endorse the "tokenized" version of its stock that trading platform Robinhood plans to make available to its European users.

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

Stock investors have been bullish on Robinhood's push into tokenization and other new product offerings.

Robinhood recently introduced a new line of features aimed at expanding its cryptocurrency ecosystem, including stock tokens that simulate exposure to high-profile public and private U.S.

OpenAI wants to make clear that Robinhood’s sale of “OpenAI tokens” will not give everyday consumers equity — or stock — in OpenAI, the company said in a post from its official newsroom ...

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Robinhood says its stock tokens give users the ability to invest in shares in the form of blockchain-based tokens. However, following the product's launch last week, OpenAI warned users that ...