Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said the firm is in talks with regulators over its offering of tokenized equities in Europe, after the launch drew rebuke from companies including OpenAI.

Robinhood CEO Vlad Tenev said the company is in discussion with European regulators about its token-based equity product after companies like OpenAI raised concerns. The Menlo Park, California based company revealed last week that investors across the European Union would soon have the opportunity to trade blockchain tokens representing U.

CEO Vlad Tenev defended the firm's tokenized stock offerings of OpenAI and SpaceX, responding to mounting criticism over their structure and investor representation. During a Tuesday interview with CNBC,