Regulators will happily let you buy pre-IPO shares through three layers of shady SPVs, offshore entities and WhatsApp brokers with zero transparency on what you actually own.

But tokenized equity that would be accessible to everyone onchain with verifiable ownership, transparent cap tables, programmable compliance and no intermediary risk?
Nope, can’t have that.
Wild how the system that’s supposed to protect investors is the same one keeping them in the dark.
This is one of these things that will look ridiculously obvious looking back in a few years.