OpenAI said Wednesday that it does not endorse Robinhood's sale of "OpenAI tokens," noting that these are not equity in the company.

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.

The Sam Altman-led OpenAI said it hasn’t approved of Robinhood’s tokens. Photo: Justin Sullivan/Getty Images Robinhood’s stock surged to record highs earlier this week after the brokerage ...

The Bank of Lithuania said it has contacted Robinhood and is “awaiting clarifications” regarding the structure of its OpenAI and SpaceX stock tokens.

OpenAI says the "OpenAI tokens" offered by Robinhood are not OpenAI equity and clarified that it has no partnership or involvement with Robinhood.