At 4 a.m. this morning, OpenAI issued an urgent announcement stating that these “OpenAI tokens” are not OpenAI's shares. Robinhood was not collaborated with, nor involved in, and did not endorse it. Any transfer of OpenAI shares requires approval from OpenAI, and it has not approved any transfer. The incident began on June 30, when Robinhood announced a major plan at the European Crypto Finance Summit held in Cannes, France: to launch a new trading product called a “stock token” for users in the European Union and the European Economic Area. This innovation allows investors to trade more than 200 US stocks and ETFs around the clock in the form of tokens through blockchain technology, including Tesla, Nvidia, and private companies that have not yet been listed, including OpenAI and SpaceX. Robinhood shares fell more than 2% after the market.

At 4 a.m. this morning, OpenAI issued an urgent announcement stating that these “OpenAI tokens” are not OpenAI's shares. Robinhood was not collaborated with, nor involved in, and did not endorse it. Any transfer of OpenAI shares requires approval from OpenAI, and it has not approved any transfer. The incident began on June 30, when Robinhood announced a major plan at the European Crypto Finance Summit held in Cannes, France: to launch a new trading product called a “stock token” for users in the European Union and the European Economic Area. This innovation allows investors to trade more than 200 US stocks and ETFs around the clock in the form of tokens through blockchain technology, including Tesla, Nvidia, and private companies that have not yet been listed, including OpenAI and SpaceX. Robinhood shares fell more than 2% after the market.