I think tokenization policies have to be super clear from the beginning and written up in the chain right away. If not, it has to be legally binding governance in a decent country!
I do not believe in the burning process. I believe in the tokens being considered as shares, we don't see companies burning shares when they do IPOs, do we?
Utility tokens can be burned because projects get it from their business services and of course you won't see this method in IPO companies because it's a security and their business doesn't accept their own shares as public/consumer payments, why you don't believe in the burning process? burning tokens will reduce supply and that will affect prices because prices are determined by supply and demand, you can also check the truth about burned tokens by seeing the total supply in their contract