<\/p>\n
Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI.<\/p>\n
The company announced<\/u><\/a> on Wednesday that it purchased $75 million of the AI developer’s common stock, which will be used as the underlying asset to give Robinhood clients price exposure to OpenAI via the fund’s venture tokens.<\/p>\n The investment is \u201cone of RVI\u2019s largest investments to date,\u201d according to RVI president Sarah Pinto, who added that the tokens aim to democratize access to private investing.<\/p>\n Shares of RVI were trading more than 14% higher on Wednesday, to $27.85 at the time of publication, according to data<\/u><\/a> from Yahoo Finance.\u00a0<\/p>\n Robinhood\u2019s private equity tokens for retail investors have raised regulatory questions about the legal rights of token holders<\/u><\/a> and how price exposure through tokens differs from holding private equity in a company, which is reserved for qualified investors.<\/p>\n Related: <\/strong><\/em>ARK buys $13M in Robinhood as US Treasury taps platform for Trump Accounts<\/strong><\/u><\/em><\/a><\/p>\n Robinhood distributed OpenAI and SpaceX tokens to users in June 2025 as part of its rollout of tokenized stock trading<\/u><\/a> for users in the European Union.<\/p>\n However, OpenAI immediately responded to the announcement, warning that the tokens do not represent a private equity stake<\/u><\/a> in the company.<\/p>\n \u201cThese \u2018OpenAI tokens\u2019 are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it,” OpenAI said<\/u><\/a> at the time.\u00a0“Any transfer of OpenAI equity requires our approval \u2014 we did not approve any transfer.\u201d<\/p>\n John Murillo, chief business officer of financial technology company B2BROKER, told Cointelegraph that investors holding these private equity tokens must understand that they do not hold \u201cactual shares\u201d<\/u><\/a> in these companies.<\/p>\n Customers may be entitled to payouts if the underlying shares of the private equity companies increase, but the tokens are strictly a financial instrument created by a third party and not equity, according to Murillo.<\/p>\n \u201cThere is no direct claim on company assets, no voting rights and no access to internal financial information,\u201d Murillo said.<\/p>\n A request for comment sent to Robinhood by Cointelegraph was not immediately replied to.<\/p>\n Magazine: <\/strong><\/em>Robinhood\u2019s tokenized stocks have stirred up a legal hornet\u2019s nest<\/strong><\/u><\/em><\/a><\/p>\n <\/div>\n Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI. The company announced on Wednesday that it purchased $75 million of the AI developer’s common stock, which will be used as the underlying asset to give Robinhood clients price […]<\/p>\n","protected":false},"author":2,"featured_media":425255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-425251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=425251"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425251\/revisions"}],"predecessor-version":[{"id":425256,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425251\/revisions\/425256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/425255"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=425251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=425251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=425251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Robinhood announces private equity tokens for retail, but legal issues abound<\/h2>\n