According to CoinDesk, Prometheum stated that the main obstacle to the development of tokenized securities is the lack of a Wall Street distribution network, rather than technical or regulatory issues. The company pointed out that most tokenized securities projects have not yet reached traditional securities firms, wealth management institutions, and institutional investor channels, which control the main capital flows. Prometheum emphasizes that tokenized securities need to be integrated into existing securities issuance, brokerage, and custody systems, rather than relying solely on cryptocurrency platforms for circulation. With institutions such as NYSE, Nasdaq, and DTCC accelerating their layout, the industry is shifting from "tokenized packaged assets" to "native on chain securities".
