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Robinhood CEO responds to the controversy over OpenAI tokenization of stocks, stating that they will continue to advance and expand their business.
Odaily News Robinhood CEO Vlad Tenev recently responded to the controversy surrounding the company's launch of OpenAI tokenized stocks, stating that they will steadfastly advance and expand this business.
Previously, OpenAI openly opposed the tokenization product, stating that it had not authorized Robinhood to use its name. The U.S. SEC also warned that tokenized securities must still comply with federal securities laws. In response, Tenev stated: "Becoming the first platform to tokenize these excellent companies is an important milestone. Whenever you pioneer something meaningful, there will always be some controversy."
He also revealed plans to expand this model to thousands of private companies and collaborate with DeFi.
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