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OpenAI has firmly distanced itself from Robinhood’s recent announcement regarding tokenized shares purportedly linked to the AI firm. Robinhood CEO Vlad Tenev unveiled the plan in Cannes, suggesting European users would gain access to tokens representing fractional ownership in OpenAI and SpaceX.

However, OpenAI swiftly issued a statement via X, explicitly stating that these “OpenAI tokens” do not represent equity in OpenAI and that the company has neither partnered with nor endorsed Robinhood’s initiative. OpenAI underscored that any transfer of its equity requires prior approval, which was not granted in this case.

These tokenized shares, similar to offerings from competitors like Kraken, provide price exposure to the underlying assets but not actual ownership. Financial analysts are advising potential investors to thoroughly understand the difference between these derivative tokens and genuine equity ownership. The original report appeared on Artificial Intelligence News.