The Lithuanian regulator has requested clarifications from Robinhood regarding the so-called tokenized shares of OpenAI and SpaceX. The instruments have attracted the attention of authorities after OpenAI warned that this format of securities does not confer ownership rights in the company.
The Bank of Lithuania has suspended the assessment of the compliance of tokenized shares with local laws and is awaiting detailed information about the structure of the issuance and the mechanism of operation of the tokens.
Essentially, the instrument represents "private shares" — derivative contracts that provide indirect access to earnings from the fluctuations in the prices of OpenAI and SpaceX securities.
Robinhood launched tokenized shares on its own blockchain. According to company representatives, this approach democratizes access to American securities.
