Ripple CTO Warns Robinhood Users: “You Can Sue Them” Over Tokenized Private Stocks

Ripple Chief Technology Officer (CTO) David Schwartz has issued a cautionary statement regarding Robinhood’s new offering of tokenized versions of private company stocks, such as OpenAI and SpaceX. While Robinhood asserts these tokens provide retail users with “exposure” to pre-IPO companies, Schwartz highlights a critical distinction: these digital assets do not confer actual equity, ownership, …

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