Permissionless stock trading just hit the market on December 26, crushing the old settlement model—1 minute finality instead of the painful T+2wait traditional brokers still cling to. Meanwhile, DTCC secured SEC approval to tokenize Russell 1000 stocks and major ETFs directly on-chain. Here's what's telling: major players are actively fighting this shift. When $100 trillion in equity markets migrate to crypto rails, the winners and losers become crystal clear. The ones resisting hardest? They've got the most to lose.