Robinhood Launches Token Era: OpenAI and SpaceX Stocks for Everyone
Reading Time: 3 minutes
On June 30, 2025, Vlad Tenev, CEO of Robinhood, surprised retail investors in Europe with a far-reaching announcement: From now on, they can purchase shares in companies like OpenAI and SpaceX through tokenized stock tokens. Tenev demonstrated the functionality by transferring tokens valued at $1 million on the Arbitrum blockchain, thus marking the launch of a new trading world. Stock tokens in practical use A stock token behaves exactly like a regular stock, except that its ownership, trading, and dividend payments are fully processed via...
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