This is not meant to be FUD, genuinely looking for insights here:

I’d love to see this work, but can someone explain how founders across the space are extremely cautious about their tokens being classified as securities, which is obviously leading to massive token vs equity misalignment, while companies like @PreStocks and @xStocksFi are openly tokenizing securities and making them tradable and accessible onchain where you can't even KYC the buyers?
I’m in close contact with several founders trying to solve this, and their legal counsel is very clear: avoid anything that suggests 1:1 backing or rights to underlying assets.
So either these teams have figured out a compliant structure that the rest of the industry hasn’t…
Or a combination of parabolic price action, missing third-party attestations and questionable legal footing ain't going to end well.
Let’s hope it’s the former.