Robinhood spokesperson: OpenAI is indirectly held through an SPV, and the price of OpenAI tokens is linked to the value of shares held by the SPV

Odaily Planet Daily News In response to OpenAI's urgent rebuttal that it had not authorized Robinhood and stated that the so-called "OpenAI token" was not OpenAI equity, a Robinhood spokesperson stated that OpenAI tokens would provide investors with the opportunity to indirectly invest in OpenAI through Robinhood's ownership in the SPV, which means that Robinhood does not directly hold OpenAI shares, but only indirectly holds shares through a certain SPV, and then links the price of OpenAI tokens to the value of OpenAI shares held by the SPV. At this stage, Robinhood, Bybit and Kraken, the three trading platforms, have not provided U.S. stock tokenization services to U.S. customers, while Coinbase has submitted a pilot application to the U.S. Securities and Exchange Commission (SEC) to provide stock tokenization trading services to U.S. customers, which currently needs to be approved by the U.S. SEC. (Caixin.com)