Robinhood to Offer OpenAI, SpaceX Shares in EU Rollout

- Robinhood reveals plans to tokenize and offer shares of companies like OpenAI and SpaceX in the EU market. - Over 200 tokenized U.S. stocks to be included, bridging traditional finance with blockchain innovation. Robinhood plans to revolutionize investment in Europe. Starting June 30, 2025, it will offer tokenized shares in companies like OpenAI and SpaceX. During a public event in Cannes, France, CEO Vlad Tenev announced this significant expansion of the platform's services in the European Union. In addition, the initiative includes tokenizing over 200 publicly traded U.S. stocks, merging traditional financial products with the benefits of cryptocurrency trading. According to *The Block* on June 30, Tenev unveiled the "stock tokens" for OpenAI and SpaceX at the event and announced that the company successfully transferred $1 million worth of tokenized OpenAI shares to Robinhood Europe for future distribution. Initially, users who acquire these tokens must hold them in their accounts while Robinhood works to roll out trading capabilities. This development marks a pivotal step in integrating traditional equities into the blockchain ecosystem and aligns with the European Union’s progress in creating a regulatory framework for tokenized assets. The market responded positively to the announcement, and Robinhood’s stock price saw a notable uptick. This reaction underscores the growing demand for tokenized equities and the broader adoption of blockchain technology in traditional finance. By spearheading this initiative, Robinhood strengthens its foothold in the European market while reaffirming its commitment to bridge the gap between traditional and decentralized finance.