They are not securities right now but in the future I think companies are going to replace their stocks with ICO tokens so that everyone in the world can have access to them and that is the future that I want to see!
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Yes I 100% agree,
Traditional huge companies (amazon, google, Vodafone, BP, Shell, IBM etc etc) will be able to release Coins (tokens) even for particular projects: for example Shell releases token, for exploration a new oil fields in Alaska. And all profits got from this area will go to the token holders.
Or let say Vodafone, is making 5G network implementation into all countries in Europe, so they release "5G token", and once again they implement the network, with capital got from token release, and all the token holders can get a share (part) of profit what Vodafone will get from the project.
Issuing a share, is complicated, and requires lots of paperwork.