According to CNBC, Robinhood has been monitored by European regulators after OpenAI announced it was unrelated to the " OpenAI" shares issued by the platform.
litva Central Bank - which licenses brokerage and digital assets to Robinhood in the EU - said the unit is asking the company to explain the structure of stock notification codes related to OpenAI and SpaceX. These products were launched by Robinhood on June 30, allowing users to invest in stocks using blockchain, including shares of private companies.
We are waiting for Robinhood to provide clear and complete information to assess the legality of the product, said the banks spokesperson.
Previously, OpenAI posted a notice on the X platform affirming that it did not cooperate with Robinhood and did not approve any share transfers. The company also warns users to be cautious with this product.
In response, Robinhood said the activation codes allow indirect access to the private market, backed by Robinhoods stake in a company with a special purpose.
