Can True Decentralized Stock Tokens Ever Exist?

Cryptocurrencies were initially envisioned as a break from traditional finance, offering permissionless networks and immutable ownership, untainted by intermediaries or governments. However, the rise of tokenized stocks has led to questions about their true decentralization. While these digital wrappers for traditional equities promise efficiency and investment access, they often remain tethered to centralized issuers and governed by securities laws. The debate intensifies as we delve into whether a truly decentralized future is possible for stock tokens.