You're absolutely right but I think the advantage is that to the users of the database it doesn't really feel like there's any locking going on and it's this implicit thing that's constructed from the history.
Like for a hypothetical ticket selling platform you just get a log like
00:00 RESERVE AAA FOR xxx, 5 min
00:02 BUY BBB FOR qqq
00:15 RESERVE AAA FOR yyy, 5 min
00:23 CONFIRM AAA FOR xxx
00:25 CONFIRM BBB for qqq
00:27 REJECT AAA FOR yyy, "already reserved"
05:16 RESERVE AAA FOR zzz, 5 min
05:34 CONFIRM AAA FOR zzz
So although there's "locking" going on here enforced by the consumer sending the confirms the producer just sends intents/events and sees whether they're successful or not and both producer and consumer are stateless.
I guess it just depends on which model you think is more a PITA to work with.