Great post!!
For further reading, there's a long detailed offered by those folks at Mckinsey. Patience and coffee needed though! lol
https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assets#/
In fact some utilisation of blockchain has already happened. EG: Franklin Templeton's using the Polygon (formerly MATIC) chain.
https://polygon.technology/blog/franklin-templeton-money-market-fund-launches-on-polygon-blockchain.
XRP and other ISO 20022 standards coins may benefit the most.
https://www.binance.com/en/square/post/5269189407018