Robinhood CEO Vlad Tenev clarified the nature of OpenAI stock tokens listed on Robinhood EU, stating they are "derivatives, not stocks." This follows OpenAI's own statement disavowing the tokens as actual OpenAI stock. Tenev explained on X that these tokens allow individual investors to track the company's value, even though they aren't technically shares. He hopes more private companies embrace tokenization, providing greater access to investment opportunities. Robinhood EU previously announced giveaways of OpenAI and SpaceX unlisted stock tokens to eligible users. These tokens offer a way to gain exposure to private companies, but investors should understand the difference between a derivative and actual stock ownership. Trading derivatives involves risks beyond traditional stock investing. ```