EU regulators are investigating Robinhood's private capital token plan after OpenAI raised concerns.

Robinhood's private equity tokens, which provide access to technology stocks like SpaceX and OpenAI, are being reviewed by European regulators after OpenAI warned that these assets do not represent ownership stakes in the company. The Bank of Lithuania, Robinhood's regulator in the EU, is seeking detailed information to assess the legality of these products.

The controversy stems from Robinhood's announcement of plans to issue over 200 stocks and U.S. ETFs tokenized for European investors. OpenAI has distanced itself from these tokens, emphasizing that they do not provide ownership rights. Although the tokenization market is growing, legal and regulatory uncertainties remain, affecting Robinhood's tokenization framework deployment globally.