OpenAI said Wednesday that it does not endorse Robinhood's sale of "OpenAI tokens," noting that these are not equity in the company.

Robinhood’s stock hit record highs with its crypto token launch, but shares slid after OpenAI denied involvement, warning the tokens aren’t legitimate equity.

Robinhood launches tokenized U.S. stocks, giving EU users easier access to top assets like Apple, Nvidia, and OpenAI.

Robinhood launched tokens tied to OpenAI and SpaceX, but backlash and market confusion led to a 3 percent dip after an initial 10% surge.

OpenAI has condemned online brokerage firm Robinhood's sale of "OpenAI tokens," saying they will not give consumers stock in the company.

Investing.com -- OpenAI stated Wednesday it has not formed a partnership with Robinhood (NASDAQ:HOOD) regarding the stock tokens that the trading platform introduced earlier this week.

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OpenAI said it was not involved in Robinhood’s launch of tokenized shares in Europe, warning users the assets were issued without its approval.

OpenAI says the "OpenAI tokens" offered by Robinhood are not OpenAI equity and clarified that it has no partnership or involvement with Robinhood.

OpenAI said on Wednesday it had not partnered with Robinhood for the stock tokens the trading platform unveiled earlier this week.