Create a new account on openai.com and deposit 5 euros worth of OpenAI.tokens. Sign up on the platform and trade stock tokens before July 7th to receive your reward! This decision is nothing short of a huge leap forward for Robinhood. They’re now entering the field of tokenizing private companies, made possible by the EU’s more permissive regulatory sandbox.
In support of this campaign, Robinhood has set aside $1 million for OpenAI tokens and $500,000 for SpaceX tokens. The net impact of tokenized shares Robinhood success The success of Robinhood has greatly increased the potential impact of tokenized shares. After the announcement, the company’s stock jumped 10%, reaching an all-time high. This uptick is indicative of just how much excitement is building around the company’s new cryptocurrency offerings. They recently added staking features for Ethereum and Solana for customers in the United States.
There’s no doubt that Robinhood’s CEO, Vlad Tenev, has become a loud proponent of reforming the financial market. Clement argues that blockchain technology has the potential to democratize access to private investments. He thinks tokenization could create a more inclusive private market and level the playing field with those who benefit from current barriers to entry.
“There are no accredited investor rules here in the EU, so anyone who qualifies to trade stock tokens is able to access them,” stated Johann Kerbrat during the company’s product showcase in Cannes. He further elaborated on the company’s mission:
“We wanted to make sure we were giving access. What we discussed on stage was how to address the inequality between people who’ve historically had access to these kinds of companies — and everyone else. That’s the really exciting part: Now everyone will be able to get it.”
This partnership underscores Robinhood’s dedication to broadening its global crypto presence by adding new tokens to its platform. American users can still only access tokenized shares of private companies to a limited extent. Regulatory hurdles, especially around accredited investor restrictions, continue to be a major hurdle to bringing these types of offerings to the U.S. market.