Robinhood’s attempt to tokenize equity in high-profile firms like OpenAI and SpaceX has come under scrutiny in the European Union, following a sharp warning from OpenAI and a regulatory inquiry from Lithuania’s central bank. The move now places the brokerage’s new product under legal and reputational pressure less than a week after launch. According to CNBC, the Bank of Lithuania confirmed on Monday that it had contacted Robinhood seeking “clarifications” over the structure of its newly launched OpenAI and SpaceX stock tokens. Robinhood launched the blockchain-based stock token product on June 30, allowing EU users ... (full story)