On July 8, Bloomberg reported that Robinhood Markets Inc. CEO Vlad Tenev stated that the company is in communication with regulators regarding its tokenized stock product launched in Europe, which has faced criticism from several companies, including OpenAI. The company, headquartered in Menlo Park, California, announced last week that retail investors in the European Union can start trading blockchain tokens representing U.S. stocks through its app. The launch also includes tokenization for non-publicly traded companies like OpenAI. However, OpenAI, led by Sam Altman, later reminded traders that these "tokens" do not represent equity in the company. The brokerage is under inquiry from regulators, including the Bank of Lithuania, regarding the structure of these tokens and whether they obscure the real shares.