Robinhood tokens offering equity in OpenAI technically aren't equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by "Robinhood's ownership stake in a special purpose vehicle." OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company,

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,

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.