The Bank of Lithuania, Robinhood's lead EU regulator, said it is "awaiting clarifications" regarding the structure of the company's OpenAI and SpaceX stock tokens. Robinhood says its stock tokens give users the ability to invest in shares in the form of blockchain-based tokens.

Robinhood's stock tokenization strategy opens up strong revenue potential but faces medium- to long-term regulatory inhibitions and resistance. See why HOOD is a Hold

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.