Robinhood CEO Vlad Tenev Defends Tokenizing Elon Musk’s SpaceX, Sam Altman’s OpenAI: ‘They Were A Little Bit Upset…’
Vlad Tenev, the CEO of Robinhood Markets Inc. (NASDAQ:HOOD), is defending his company’s bold move to give retail investors exposure to shares in high-profile private companies such as SpaceX and OpenAI, without seeking their permission.
Check out the current price of HOOD stock here.
What Happened: Speaking on the 20VC podcast on Tuesday, Tenev revealed that Robinhood’s new tokenization platform offers access to private market exposure for retail investors through structured instruments, effectively bypassing the need for companies to opt in.
Tenev says, “It’s important for the tokenization mechanism to work without the opt-in of the companies that are being tokenized,” and he believes that’s the actual innovation that his company’s been able to drive.
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He notes …
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