When you tokenize trillions in securities, you must have the backend (real-time settlement) ready. You can’t improvise; you have no room to choose, change, or test.
If they’ve given the green light and set a date for tokenization, it’s because the settlement system is already ready. The equilibrium price based on tokenized value must be ready FIRST.
The launch of tokenized securities and real-time settlement will happen simultaneously.
The financial system doesn’t operate in parts; it operates as a whole.