But, in the first two instances we have the the records of assets.
Exactly. The first two are promises, so-called IOUs. If I send you $5 from my bank account, I will have only moved a promise. Only if we met in real life and I handed you over $5 in cash, we'd have actually accomplished a transaction of $5 without IOUs, intermediaries, promises, trust in general.
Only then we would have moved dollars -
the asset. In any other way, we'd have moved a liability.
We use electronic cash for the same reason we use cash to settle transactions. Censorship resistance, privacy, lower costs, financial sovereignty.
Like I said, you can keep preaching your sophistry, but the facts won't change. No assets exists in the system, just the records for creating the illusion of asset. Equity and debt are not promises but assets. A promise is when you say to your girlfriend that you will be faithful.