The tokenization of everything is coming. But not everything is or will be a security. There will be utility tokens to represent utilities, or non appreciating assets.
There will of necessity, be different kinds of accreditation.
There will also not be Universal regulations, but they will be based on the political and worldview persuasion of the regulator's.
They will will reflect the systems that now exists in the stock markets.
But there is a disruptor here that will Re-Animator everything.
With blockchain, and with smart contracts, peer-to-peer Trading will become a reality, whether or not regulators' like it.
Polymath and similar projects will begin where it's easiest, where it's possible and where it's most profitable.
And this is all thinking within the box of a world of currencies that have existed for hundreds of years, fighting for dominance, contained within National borders, inflated and deflated at the whim of banksters Etc
Bitcoin and Company are going to rewrite the rules on that fiasco.
We are at the beginning of a new fiasco, for which there is no precedent, no guide book and no user manual.
All the world runs on the flow of money and power, and at every level from individuals to supranational government, the flow of money, and the ease of use of money Finds Its equivalent in the flow of power.
Permission versus permissionless blockchains, and especially DAG car about to reinvent the way that happens, and that's why it's so very important to not disassociate blockchain metrics from token metrics and economics.
Those who understand this, and learn it early, will be part of the flow