Robinhood gives out tokens of OpenAI and SpaceX. Stock hits record
Cannes – Robinity As part of a larger crypto presentation, the company rose to 10% after offering Openai and SpaceX’s tokenized shares to users in Europe.
It is the company’s first move to make private capital accessible through Blockchain.
The announcement during Monday during the company’s product showcase in Cannes is part of Robinhood’s wider pressure to expand the globally crypto footprint. Tokenized assets will be available only more than 200 token and ETF through Robinhood’s EU Crypto application, which is traded 24 hours a day 24 hours a day, five days a week.
Openai and SpaceX have been limited to historically internal and ultra -rich investors, since no company is listed to the public.
“We wanted to make sure we have access to,” said Johann Kerbrat, Vice President and General Manager of Crypto in Robinhood. “What we discussed on the stage was how the inequality between people who have access to such companies – and other people with access to everyone. This is a really exciting part: Now everyone can get it.”
“Target with tokens,” he added, “It is to allow everyone to participate in this economy.”
To mark the launch, Robinhood gives Openai and SpaceX coin worth 5 euros to each suitable user in the European Union, which trades to stock coins until July 7th. The company has allocated Openai worth $ 1 million and SpaceX worth $ 500,000 for the campaign.
This indicates that Robinhood specifies private companies for the first time – partly a milestone that makes it possible by the EU’s more flexible regulatory environment.
“There are no accredited investor rules in the EU here, so anyone who is entitled to stock coins can access them.”
While the EU presentation continues, Robinhood says US users should not expect access soon.
Regulatory barriers – especially accredited investor restrictions – continues to be a major obstacle to bringing marked private capital to the US market. CEO vlad Tenev He called for reform, arguing that Blockchain could unlock a wider participation in private markets.
Tokenized stocks are distributed to user accounts, which are part of a wider infrastructure pressure, including the new layer of block chain built on the arbitration of the company announced on the same day through Robinhood’s custody wallet.
Although American users have not yet accessed the tokenized shares of private companies, they gain access to the crypto basket.
Robinhood also launched Stinging for Ethereum and Solana in the United States, which was previously blocked by the securities and stock exchange commission. The movement points to a renewed pressure to re -present the crypto products with efficiency.
