I'm at the point now where I think a design system team is huge mistake unless you've got 25+ people to permanently staff it. At best the team will provide more consistent UI/UX. At worst they will slow all other teams to a halt with poor documentation, bugs, and broken libraries.
I've seen three different ~100 person companies throw decades of person years into building out design systems, each to eventually throw it all out. By which time many teams have been forced to adopt the half finished project, so now they've got to tear it all out.
We all know now not to build our own databases unless there is an extremely unusual need. In another decade or two we'll say the same thing about design systems.
There's nothing wrong with some CSS colors and basics. But you'll only invite ruin if you try to build out (or wrap) React or Angular libraries. I'd guess right now that a full design system library takes about 25 person years to complete and 10 person years per year to maintain. By which time the target language and libraries will have changed so much you'll have to start over at the beginning and start upgrading.
Every company I've seen try this staffed the team with about 5 people. So they've got about 5 years to get to 100%. What has changed in the front end in the last 5 years? I know one design system team that started 5 years ago on an Angular 1 design system. No they don't have Typescript, no it doesn't work in Angular 16. I know another design system team that started about 6 years ago in Angular 1, then restarted 4 years ago in Angular 2, leaving most of the company on the Angular 1 version which was about 40% complete. Then 3 years ago they decided to stop forward progress for a year to go back and add Typescript types to existing components. They still aren't 100% on the Angular 16 version.
(I think Typescript is great, but I'd guess it adds at least an extra 5 person years to the timeline, since you have to be pretty great with Typescript to accurately apply it to a design system.)
All this to say, building out wrapper libraries for a design system is _really hard_. Just the documentation is probably 5 person years of work. The whole thing is expensive, tricky, and error prone. Unless you can staff 5 teams of 5 permanently, the front end just changes too fast to keep up. The ecosystem will look so different in five years, you'll need a whole division working forever to keep up and move to new tech while simultaneously maintaining the old versions.
And heaven help you when your designers get tired of the look of it after a year and want to redesign it all again. Because they will. (Wasn't that the point of all this, easy changes to the UI?) Now you've gotta go back and update all the half finished Angular 1 code and release a new version, along with your half finished Angular 16 library.
The golden path here is to just provide some basic CSS for buttons, tables, uls, inputs, etc, along with documentation and a site that shows it all in use. Put it up on a CDN with a version in the name so teams can upgrade easily. This whole project could be done in under two person years, just a UI engineer, a designer, and maybe a QA person. It's quick, and after it's over, everyone can work on something else. There's no need to keep a big team staffed forever. There's no need to do a rewrite for React Hooks or whatever. The CSS will work forever. Next year when the designers want a new set of colors, spend a few months to have someone release a new version. Don't change any of the CSS selectors. DON'T CHANGE ANY OF THE CSS SELECTORS. Everyone bumps the version on their CSS src tag and it just works. Easy day.