Robinhood’s tokenized stocks have stirred up a legal hornet’s nest
The controversy over Robinhood’s OpenAI private stock tokens is only the beginning of a wider legal battle over tokenized equities.
Robinhoods tokenized stock offerings in Europe have ignited debate over the legality of tokenizing equity, especially that of private companies like OpenAI.
OpenAI said Robinhoods unapproved OpenAI tokens offer no equity ownership rights, causing regulators in Lithuania to open a formal inquiry. But thats just the start. With concerns over how different jurisdictions approach tokenized shares, the boundary between innovation and illegality, and whether there are sufficient legal protections for stock token holders.
To unpack the legal complexities behind tokenized stocks, Magazine spoke with Yuriy Brisov of Digital & Analogue Partners, Joshua Chu of the Hong Kong Web3 Association and Yulia Murat, head of regulatory affairs at Global Ledger.
The conversation has been edited for clarity and length.
