July 2 (Reuters) - OpenAI said on Wednesday it has not
partnered with Robinhood for the stock tokens the
trading platform unveiled earlier this week.
Robinhood said on Monday it had launched tokens that would
allow its customers in the European Union to get exposure to
OpenAI and SpaceX.
"We did not partner with Robinhood, were not involved in
this, and do not endorse it," OpenAI said.
The issue highlights a key challenge with tokens linked to
private company stock. Privately held startups often have a
so-called "right of first refusal", which gives them the first
opportunity to buy back their shares before the owner can sell
them to an outside party.
Robinhood and SpaceX did not immediately respond to Reuters
requests for comment.
(Reporting by Niket Nishant in Bengaluru; Editing by Alan
Barona and Shinjini Ganguli)