Robinhood has begun offering tokenized shares of OpenAI and SpaceX to users in Europe, sending its shares up nearly 13% to a new all-time high. The company is marking the launch with a campaign that gives eligible users 5 euros worth of tokens for onboarding to trade stock tokens by July 7.
This marks Robinhood’s first time tokenizing private companies, made possible by the EU’s more flexible investor restrictions. Users in Europe can access over 200 tokenized stocks and ETFs through Robinhood’s crypto app with no commission or spread.
To celebrate the launch, Robinhood is allocating $1 million worth of OpenAI tokens and $500,000 worth of SpaceX tokens, valued at 5 euros each. This move aims to make private equity accessible via blockchain, with Johann Kerbrat, senior vice president and general manager of crypto, stating “We wanted to make sure we were giving access… Now everyone will be able to get it.”
The EU rollout is the first time Robinhood has tokenized a private company, thanks in part to the region’s lack of accredited investor rules. While U.S. users cannot currently access tokenized shares, they are gaining access to crypto staking for ethereum and solana, previously blocked by the SEC.
Robinhood has also announced a new layer 2 blockchain built on arbitrum, expanding its infrastructure push. The company is pushing for changes in regulatory environments to bring tokenized private equity to the U.S. market, with CEO Vlad Tenev advocating for greater participation in private markets through blockchain technology.
Source: https://www.cnbc.com/2025/06/30/robinhood-stock-openai-spacex-tokens.html