tokenization is the right thing to do. ftd's are a scandalous scam that shouldn't exist. fake shares do exist. naked short selling is real. getting rid of it will cause more volatility and put the poor market makers at risk of narrower profits (think of the market makers!!!) but will eliminate some very serious scamming and help small companies raise capital. financial assets should have been tokenized a long time ago.
https://www.youtube.com/watch?v=mk-4dcdgKQo