Robinhood spokesperson: indirectly hold OpenAI shares through a certain SPV, the price of the OpenAI token is linked to the value of the shares held by that SPV

Odaily Planet Daily News - In response to OpenAI's urgent rebuttal stating that it has not authorized Robinhood and that the so-called 'OpenAI token' is not an equity stake in OpenAI, a Robinhood spokesperson stated that the OpenAI token will provide investors with an indirect opportunity to invest in OpenAI through Robinhood's ownership in an SPV. This means that Robinhood does not directly hold shares in OpenAI, but rather holds them indirectly through a certain SPV, and then links the price of the OpenAI token to the value of the OpenAI shares held by that SPV. At this stage, none of the three trading platforms, Robinhood, Bybit, and Kraken, are offering stock tokenization services to U.S. customers, while Coinbase has submitted a pilot application to the U.S. Securities and Exchange Commission (SEC) to provide stock tokenization trading services to U.S. customers, pending SEC approval. (Caixin)