Altcoin Founder and Elon Musk Warns About These Newly Released Tokens: Your 'Stocks' Are Fake!

OpenAI announced that it has no affiliation with the 'OpenAI Tokens' launched by Robinhood and that these tokens do not represent company shares.

OpenAI, founded by Worldcoin (WLD) creator Sam Altman, reacted to tokenized private company shares offered to users in the European Union by Robinhood. In a statement from the platform's social media account, it was stated that the 'OpenAI Tokens' have no relation to the company's stock, that there is no partnership with Robinhood, and that these tokens have not been approved. The company clearly emphasized that their approval is necessary for the transfer of shares and that no approval has been granted in this case.

Robinhood CEO Vlad Tenev recently announced that they had begun offering tokenized products based on shares of more than 200 private companies, including OpenAI and SpaceX, to their users in the European Union. Although tokenized shares do not grant investors actual shareholder rights in the company, they are traded as derivative products that track the prices of company shares.

Elon Musk Responds

Following OpenAI's reaction, Elon Musk also did not remain indifferent to the situation. Musk shared a short but clear message criticizing the tokens: 'Your 'stocks' are fake.' Thus, Musk also clearly expressed that he does not endorse these products offered by Robinhood.

Robinhood is not alone in tokenized private company shares. Previously, the Republic platform also announced that it would offer shares of private AI companies like OpenAI and Anthropic in a tokenized form for retail investors. However, it is emphasized that these products do not provide investors with shareholder rights, only tracking the value of the company.