Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle
Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.” OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require … Read more