The European Union is reviewing Robinhood’s new tokenized equity products following a warning from OpenAI. The Bank of Lithuania, which regulates Robinhood in the EU, has launched an investigation into the company’s offerings related to OpenAI and SpaceX.
Robinhood Markets, a U.S.-based financial services company, allows users to trade stocks, ETFs, options, and cryptocurrencies without any fees through its mobile app and website. The central bank of Lithuania has requested further information from Robinhood regarding the legal structure and investor communication of the new tokenized products.
Giedrius Ĺ niukas, a spokesperson for the central bank, stated that they are investigating whether Robinhood’s products comply with EU financial regulations. Ĺ niukas emphasized the importance of providing clear, fair, and non-misleading information to investors.
The scrutiny stems from a public warning issued by OpenAI, disassociating themselves from Robinhood’s “OpenAI tokens.” OpenAI clarified that they did not partner with Robinhood and did not endorse the tokens. Robinhood launched tokenized stocks on June 30, offering EU users blockchain-based access to shares of companies like OpenAI and SpaceX without their approval.
In response to OpenAI’s concerns, Robinhood explained that the tokens represent indirect exposure through a special purpose vehicle (SPV) and allow retail investors access to private markets. However, Robinhood did not address OpenAI’s specific objections.
As a result of these developments, Robinhood’s stock (HOOD) has seen a decrease of 1.80% in the last 24 hours. The situation is evolving, and further updates on the EU’s review of Robinhood’s stock tokens are awaited.
This article was originally published on TheStreet on July 7, 2025, and serves as a critical analysis of the ongoing investigation into Robinhood’s tokenized equity products. Stay tuned for more updates on this developing story.
