Robinhood CEO downplays OpenAI concerns on tokenized stock structure

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Robinhood CEO Vlad Tenev says it's not "entirely relevant" that the platform's OpenAI and SpaceX stock tokens aren't technically equity in the companies.

  • In a CNBC interview Tuesday, Robinhood CEO Vlad Tenev defended the company's OpenAI and SpaceX stock tokens, given concerns over how they're structured.
  • Last week, OpenAI issued a warning that Robinhood's stock tokens do not represent equity in the company.
  • "In and of itself, I don't think it's entirely relevant that it's not technically an equity instrument," Tenev said.

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