Robinhood CEO responds to the controversy over OpenAI tokenization of stocks, stating that they will continue to advance and expand their business.

Odaily News Vlad Tenev, the CEO of Robinhood, recently responded to the controversy caused by the company’s launch of OpenAI tokenization stocks, stating that they will firmly advance and expand this business. Previously, OpenAI publicly opposed the tokenization product, stating that it did not authorize Robinhood to use its name. The U.S. SEC also warned that tokenized securities must still comply with federal securities laws. In response, Tenev stated, “Becoming the first platform to tokenize these excellent companies is an important milestone. Whenever you pioneer something meaningful, there will always be some controversy.” He also revealed plans to extend this model to thousands of private companies and integrate it with the DeFi market. (Decrypt)