Ripple CTO Alerts Robinhood Investors: Legal Action Possible Over Tokenized Stocks
Published at：2025年07月09日 19:39
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David Schwartz, the Chief Technology Officer of Ripple, has raised concerns about Robinhood's latest initiative to offer tokenized versions of private company stocks, including those of OpenAI and SpaceX. While Robinhood markets these tokens as a way for retail investors to gain exposure to pre-IPO companies, Schwartz points out a significant caveat: these digital assets do not represent actual equity or ownership in the companies. This distinction could potentially lead to legal challenges, as investors might not be fully aware of the limitations of these synthetic assets. Schwartz's warning underscores the importance of understanding the legal and financial implications of investing in tokenized stocks, especially those tied to private companies not yet publicly traded.
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