The ideal is to remove all the middlemen, but I think there will always be at least one.

Yes and this is the issue.

We have the SEC that will approve the tokenization of RWA only for authorized institutions like Blackrock. Hence we have tokenization still within the TradFi world.

That is where we need to move beyond it. Already issued stocks will be in the regulation but if platforms start to emerge that can handle it, things can change as new issues take place outside the system.