Wall Street Picks Private Blockchain for Finance
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Don Wilson, CEO of DRW, a traditional finance powerhouse active in crypto for over a decade, discusses the potential of blockchain in Wall Street trading. He explains why open ledgers, like those in public blockchains, are not suitable for big institutions due to fiduciary duties and risk strategies. DRW, which launched one of the earliest institutional crypto desks, has been watching digital assets grow and is now betting on customized, private systems for tokenization of stocks and bonds, prioritizing privacy over total openness.
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