Robinhood Begins Engaging with European Regulators to Clarify Newly Launched Tokenized Stocks
Powered by ChatGPTRobinhood has begun engaging with European regulators to clarify its newly launched tokenized stocks. The company is responding to inquiries from regulatory bodies such as the Bank of Lithuania regarding the structure of its tokenized stocks and whether they blur the lines between real equity and derivatives. (The Block)
Previously, Robinhood's stock tokens faced EU scrutiny. The Bank of Lithuania stated that it has contacted Robinhood and is awaiting clarification on the structure of its OpenAI and SpaceX stock tokens. Robinhood has not yet commented on this. Giedrius Šniukas, a spokesperson for the Bank of Lithuania, stated that the legality and compliance of these specific instruments can only be assessed after this information has been received and evaluated, and that the information provided to investors must be clear, fair, and not misleading. [Odaily Planet Daily]