Think of a world where stock exchanges will allow trading in digital assets, representing stocks, bonds, and other ownership rights. The holding of these assets will not be carried out in securities accounts, as we know today, but through advanced application means, such as digital wallets, so that any change in holdings will be reflected in the holders in real-time in their electronic wallets, without the need to transfer the information to them. Similar to all those unsupervised exchanges operating today, which by virtue of being unsupervised are also the most dangerous.