💡 Robinhood is undergoing scrutiny in the EU due to tokenized shares of OpenAI and SpaceX.#SECETFApproval

🚨 The Bank of Lithuania has launched an investigation after OpenAI expressed concerns about the "Stock Tokens" being offered by Robinhood. These tokens promise to give investors access to private shares of companies, including OpenAI and SpaceX, using blockchain technology.

💰 OpenAI stated that it does not endorse these tokens, emphasizing that they are not related to the actual shares of the company. In response, Robinhood noted that the tokens represent ownership stakes and provide access to private markets.

📊 The Bank of Lithuania is now awaiting clarifications from Robinhood and will conduct an assessment of the tokens' compliance with European standards.$BTC $ETH