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Shares of Robinhood Markets are trading lower Thursday morning. The stock is retreating from a new all-time high set just a ...
Robinhood's launch of tokenized stocks for private companies like OpenAI and SpaceX has sparked controversy, with both firms denying any endorsement.
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CEO Vlad Tenev made a public announcement that the company was developing a blockchain called the Robinhood Chain.
Stock investors have been bullish on Robinhood's push into tokenization and other new product offerings.
The stock tokens give E.U. investors exposure to hundreds of U.S. stocks, as well as to private companies SpaceX and OpenAI.