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This Week In Crypto
03 Jul 2025

IBIT revenues surpasses BlackRock’s S&P 500 ETF

Robinhood to offer tokenized equities in EU, Deutsche Bank plans crypto custody with Bitpanda & Taurus, Circle seeks US banking license for USDC, IBIT revenues surpass IVV. Trending topics cover the SOL ETF, and stay-approval GDLC.
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Robinhood to offer tokenized equities
Robinhood CEO Vlad Tenev announced plans to offer tokenized shares of private companies like OpenAI and SpaceX to EU users, promoting these “stock tokens” as blockchain-based derivatives that track the prices of U.S. equities. The initiative includes over 200 tokenized public stocks, perpetual trading, and staking, all intended to boost Robinhood’s presence in Europe. Tenev showcased what he claimed were stock tokens for OpenAI and SpaceX, transferring $1 million worth of OpenAI tokens to Robinhood Europe for future distribution, but it remained unclear if eligibility extended beyond event attendees.OpenAI, however, swiftly disavowed Robinhood’s offering, stating that the so-called “OpenAI tokens” were unauthorized and not representative of actual OpenAI equity. The company clarified it did not partner with Robinhood, had not approved any equity transfer, and warned that any legitimate transfer of its shares would require its consent. Robinhood’s tokens give exposure to stock prices via blockchain contracts, but buyers do not receive real shares, raising questions about transparency and the legality of selling synthetic private company equity without issuer approval.
Deutsche Bank to launch crypto
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