Bonds and Stocks are regulated assets right? Is it even possible to buy and sell these outside of institutions? I wasn't expecting it to be decentralized and out of control of the government. The ideal is to remove all the middlemen, but I think there will always be at least one. Currently we need to go through banks or licensed companies to buy/sell stocks from the stock exchange. If the stock and bond market were moved to the blockchain, there will still need to be an organization that issues the wallets that can interact with the blockchain.

That is my expectations on the regulated assets, but it shouldn't be the case for crypto assets.