Yeah, I think in the case where one tries to fork the chain state and expects the assets on the new chain automatically be redeemable for something doesn't real

Yeah, I think in the case where one tries to fork the chain state and expects the assets on the new chain automatically be redeemable for something doesn't really work out. Though this may happen in reality because of bridges (centralized/decentralized + permission/less): one asset is locked in a smart contract (or many smart contracts) on one chain, then minted in equivalent amounts on another, people will trade as if holds the equivalent value modulo liquidity for the bridged asset (as long as the locking/minting assumptions with the bridges hold true).