The value of Robinhood stock (HOOD) dropped in today’s morning trading session. Notably, Robinhood (HOOD) slipped 1.67% in Pre-market trading.
The decline followed the growing backlash from the community that Robinhood EU’s newly tokenized “OpenAI stock” was fake.
Robinhood CEO Vlad Tenev has issued a disclaimer regarding this, describing the initiative as an early step towards something bigger.
Controversy Trails Robinhood’s New OpenAI Tokens
According to Wu Blockchain, OpenAI has denied involvement with Robinhood’s latest crypto stock tokenization push.
On Monday, June 30, 2025, Robinhood introduced shares of OpenAI and SpaceX on the blockchain.
Robinhood said users can access the tokenized assets exclusively through its EU crypto app.
To mark the launch, Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users.
Only EU users who were…
