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,

The Bank of Lithuania, Robinhood's lead EU regulator, said it is "awaiting clarifications" regarding the structure of the company's OpenAI and SpaceX stock tokens. Robinhood says its stock tokens give users the ability to invest in shares in the form of blockchain-based tokens.