At the end of June, Robinhood CEO Vlad Tenev stood in front of a reflecting pool overlooking the Mediterranean, clad in a striped cream suit that made him look like a crypto bro version of Jay Gatsby. Speaking to a giddy Cannes crowd, Tenev reached into a briefcase. He pulled out a metal cylinder. “I’m holding in my hands right now the keys to the first-ever stock tokens for OpenAI,” Tenev announced. “I’d like to transfer these tokens to you,” he told the seated onlookers, who politely waved paper fans to survive the summer heat.
The future of stock trading is around the corner. But if even OpenAI is telling you to be careful, you might want to read the fine print.
