Robinhood Spokesperson: Through a certain SPV, we indirectly hold shares in OpenAI, and the price of the OpenAI token is tied to the value of the shares held by that SPV.

BlockBeats News, July 7th. In response to OpenAI's urgent denial that it did not authorize Robinhood and stating that the so-called "OpenAI Token" is not equity in OpenAI, a Robinhood spokesperson stated that the OpenAI Token will represent indirect ownership of OpenAI through Robinhood's ownership in an SPV, providing investors with an indirect way to invest in OpenAI. This means that Robinhood does not directly hold OpenAI shares but instead holds them indirectly through an SPV, with the price of the OpenAI Token pegged to the value of OpenAI shares held by that SPV.

Currently, Robinhood, Bybit, and Kraken, three trading platforms, do not offer tokenized U.S. stock trading services to U.S. customers. However, 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, pending SEC approval. (Caixin)