INSUBCONTINENT EXCLUSIVE:
OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood
push into tokenized stock trading, which included launching a layer-2 blockchain network to settle tokenized equity trades.Source: OpenAI
Musk left OpenAI's board in 2018 and has since been outspoken about what he sees as a departure from the nonprofit, mission-driven model
toward a profit-first model
He has filed lawsuits accusing OpenAI of breaching its charter and diverting charitable assets for private gain.Related: Tokenized funds are
No date or timeline has been given for a US rollout.Speaking at Consensus 2025 in Toronto, Canada, senior vice president and general manager
of Robinhood Crypto Johann Kerbrat said that the integration of tokenized real-world assets on the platform promotes financial inclusion.The
securities, corporate bonds and other traditional assets into their platforms, blurring the line between traditional and digital
Source: CointelegraphRobinhood argues that tokenization opens up previously inaccessible asset classes like private equity, private credit,
and commercial real estate investing to the general public through the magic of asset fractionalization.Private equity and private credit
are typically reserved for accredited investors who have $1 million or more in investible assets or meet the annual income and licensing
requirements of accreditation under EU and US regulations, making them largely inaccessible to average retail investors.Robinhood CEO Vlad
Tenev addresses the crowd at the recent event in Cannes, France
Source: RobinhoodThe company announced the rollout of its layer-2 blockchain network and tokenized real-world asset trading during the
