SHFS
SHF Holdings, Inc. Class A Common Stock
stock NASDAQ

I can't link it due to sub rules, and I can't watch the video to summarise its contents, but there's a DD article exploring the topic of the OW and, specifically, the last sentence in your screencap there, on the DDIntoGME sub that's very relevant to this topic. Search "how SHFS can circumvent Continuous Net Settlement through the Obligation Warehouse".
Granted, not bulletproof, and if I find other relevant DD over the course of the night, I'll add them to the pile. But again: If we believed everyone was following the rules, there would be no squeeze thesis. And there's quite a lot of evidence suggesting that rules *are* being broken, and that rules have been changed to legitimise unlawful conduct where they otherwise would get in the way.

$SHFS - When will the bleeding end?