Robinhood's major offensive: OpenAI and SpaceX shares for everyone?
Shares in AI superstar OpenAI or Elon Musk's space company SpaceX? What was previously impossible will soon become reality – at least for European customers of the US neobroker Robinhood. In a spectacular announcement, CEO Vlad Tenev unveiled a massive expansion offensive in the EU.
At a public event in Cannes, France, Robinhood co-founder and CEO Vlad Tenev caused a sensation. He presented what he described as the first "stock tokens" from OpenAI and SpaceX. Investors in the EU who download the Robinhood app will have the opportunity to purchase tokenized shares in the tech giants.
Tenev backed up the announcement with a transaction, transferring $1 million worth of tokenized OpenAI shares to Robinhood Europe, which will be distributed to users at a later date. "It turns out that the transaction with the OpenAI share tokens was indeed successful," Tenev later announced on Platform X.
Massive expansion of the offeringBut it's not just about the big names. The offensive is far more comprehensive. The online broker plans to offer more than 200 tokenized versions of listed US stocks and ETFs for EU users.
"We have launched equity and ETF tokens in the EU, giving eligible customers exposure to US equities," the company states in a blog post. "European customers will have access to over 200 US equity and ETF tokens. Equity token holders will also receive dividend payments directly in their app." This transforms the European Robinhood app from a pure crypto application into an all-in-one investment platform. Technically, the tokenized stocks will use the Arbitrum blockchain.
In addition to tokenized stocks, Robinhood announced further innovations. Perpetual futures are to be introduced in the EU by the end of the summer. These are forward contracts with no expiration date that allow traders to hold leveraged positions indefinitely.
"We will offer eligible customers access to a new class of derivatives with continuous exposure and up to 3x leverage," the company said. It will also roll out Ethereum and Solana staking in the US and Europe and advance the development of its own Layer 2 network based on Arbitrum.
Robinhood is serious about Europe. Its recent announcements are a clear challenge to established European players. By offering shares in top companies like OpenAI and SpaceX, as well as new derivatives products, Robinhood is launching a head-on attack. DER AKTIONÄR has been investing in the AKTIONÄR portfolio for more than a year – and is up over 250 percent. Those already on board are best advised to stay.
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