" Once again, we can see the devastation to Wall Street from this technology. "
This reminds me of how the trading floors were replaced with computerized trading in the the late 90's and into the 2000's.
No IPO. No lawyers. No brokerage fees. Simply create a token and put it out there.
I don't think it will be quite that simple. Many of these tokens might be considered securities, and I don't think the regulators will just sit back and allow an unfettered token economy to flourish just like that.