Is anyone actually using tokenized stocks for real trading, or is it still mostly theoretical?

Keep seeing more platforms offering tokenized US equities, buy and hold real company exposure with crypto, no broker, trade 24/7. Sounds great on paper but curious how it actually holds up for people trading real size rather than just testing it out.

Some questions I always think of, how's the spread when you're actually trying to size in or out of a position, not just holding long term? Has redemption ever been slow or messy for anyone, or has it been smooth? Does the 24/7 trading actually matter in practice, or does liquidity just dry up outside normal market hours anyway?

Genuinely trying to figure out if this is a real trading tool yet or still mostly a buy-and-hold novelty.