{"id":35862,"date":"2025-07-09T06:32:00","date_gmt":"2025-07-09T06:32:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35862"},"modified":"2025-07-09T06:32:00","modified_gmt":"2025-07-09T06:32:00","slug":"robinhood-says-openai-stock-tokens-backed-by-special-purpose-vehicle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35862","title":{"rendered":"Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle"},"content":{"rendered":"
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Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview<\/a>, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.”<\/p>\n

OpenAI warned earlier this month<\/a> that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require OpenAI’s approval which they haven’t given.<\/p>\n

“In and of itself, I don’t think it’s entirely relevant that it’s not technically an equity instrument,” Tenev said on CNBC. “What’s important is that retail customers have an opportunity to get exposure to this asset.”<\/p>\n

Robinhood isn’t the first platform to offer shares in pre-IPO companies with this model.<\/p>\n

Linqto, which offered retail investors exposure via special purpose vehicles that bought up shares on the secondary market, recently filed for bankruptcy<\/a>, raising questions about what exactly its customers, now creditors, owned.<\/p>\n

Among the companies is Ripple (XRP), and its CEO, Brad Garlinghouse, has publicly distanced<\/a> Ripple from Linqto.<\/p>\n

“We stopped approving more Linqto purchases on secondary markets in late 2024 amid growing skepticism,” Garlinghouse tweeted earlier in July.<\/p>\n

Read more: OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized<\/a><\/em><\/strong><\/p>\n<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.” OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35862","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35862"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35862\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}