Robinhood Responds to Rebuttal: Only Indirectly Holds Shares Through an SPV, and Makes the Token Associated with its Share Value

According to Caixin.com, in response to OpenAI's urgent denial that it had not authorized Robinhood and that the so-called "OpenAI token" was not OpenAI equity, a Robinhood spokesperson said that the OpenAI token will provide investors with the opportunity to indirectly invest in OpenAI through Robinhood's ownership in the SPV. This means that Robinhood does not directly hold OpenAI shares, but only indirectly holds shares through an SPV, and then links the price of the OpenAI token to the value of the OpenAI shares held by the SPV. [ChainCatcher]