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The Central Bank of Lithuania said on Monday that it has contacted Robinity Looking for clarifications about his tokenized actions after Openai raised concerns about the product last week.
“We have contacted Robinhood and we are waiting for clarifications about the structure of the Operai and Spacex stock tokens, as well as the related consumer communication,” said Lithuania Bank spokesman Giedrius Šniukas, CNBC by email.
“Only after receiving and evaluating this information we can evaluate the legality and compliance with these specific instruments. Information for investors must be provided in a clear, fair and not mastive language.”
The Lithuania Bank is the main Robinhood regulator in the European Union after the company received a brokerage license and a provider license for cryptographic asset services from the Central Bank. Robinhood was not immediately available to comment when CNBC contacted.
Shortly after OpenAi, Robinhood’s “stock” tokens product was distanced. Run on June 30, the product gives users in the EU the ability to invest in blocks in the form of blockchain -based tokens, according to Robinhood, even for private companies such as Openai and Spacex.
After Robinhood’s announcement of the new tokens offer, Openai resorted to the social media platform X to warn users that “these ‘Openai’ tokens’ are not Equity OpenAi.”
“We do not partner with Robinhood, we were not involved in this and we did not support it,” said the company at that time, adding that “any capital transfer of OpenAi requires our approval; we do not approve of any transfer” and we urge users to address the product with caution.
In response to Openai’s warning last week, Robinhood had said that their shares tokens “provide retail investors indirect exposure to private markets, opening access and are enabled by the participation of Robinhood’s property in a special purpose vehicle.”
