Odaily Planet Daily News - Robinhood CEO Vlad Tenev stated, "The promotion of tokenized stocks is the seed of a grander vision. These tokens are not technically equivalent to stocks, but they still allow retail investors to track changes in company valuations. Users can see the specific mechanisms in our terms." The brokerage's official website also clearly states that these 'stock tokens' are not actual equity in the company, but rather a type of blockchain-based derivative contract whose price tracks the changes in the market value of real stocks. Previously, reports indicated that OpenAI's official statement denied authorizing Robinhood to launch related tokenized stocks, stating that the so-called 'OpenAI tokens' are not company equity and that there is no partnership or endorsement of related projects with Robinhood. OpenAI emphasized that any transfer involving company equity must receive official approval, and currently, the company has not approved any such transactions, urging the public to remain vigilant. (The Block)