Tokenized stocks winner is Pareto optimal of speed to market and distribution.

Distribution probably more important.

Will it be tradfi or crypto native company? Or tradfi acquiring to merge their distribution with cryptonative speed to market.  But can't be too recent. Citadel through robinhood? Probably a conglomerate of the old guard, no way they'd let one fund/institution milk that cow. Without privacy (information asymmetry) built in I don't see anyway they don't all get rekt by onchain degens within 5 minutes (4 min of which they're "milking retail").