Please tell me if I have a gross misunderstanding of the financial system at large, but i think Tokenized stocks are more like another patchwork for the system

I’m not necessarily looking to make a point, but hopefully to be proven wrong...

Traditional stock markets already more of a kludge with exploitation of loopholes and fixation it worked more like a leaky tub where people made holes and the insititution tried to bandage which made a very messy system. I think tokenized stock is a bandage to the system as welll institutions just sugar-coated stocks with fractional ownership and dlt(distributed ledger technology) and marketed them as an on-chain initiative but in real it contradicts with the real idea of crypto itself its more like a bandage rather than a fix which was made to bring in more of the people who believe in blockchain and were against central authority I also think that institution like BlackRock think of decentralization as a threat.

The solution should be redesigning the system from scratch not patching

Edit: I'm not referring only to tokenized stocks. I'm talking more broadly about financial and securities markets, including tokenized assets, RWAs (real-world assets), and market infrastructure in general. Tokenized stocks are just one example that made me think about the issue.