Don Wilson Says Big Banks Favor Private Blockchains

DRW founder and CEO Don Wilson said large banks trading on public blockchains could expose their positions and strategies to the market in real time, increasing the risks of front-running, price impact and information leakage. The trade-off will shape how Wall Street pursues real-world asset tokenization and the market structure that emerges as financial assets move on-chain.

Wilson recently said Wall Street institutions remain bullish on asset tokenization but are more likely to use private or permissioned blockchains than fully public ledgers. Such networks allow them to control data access, participant identities and transaction visibility. The reports did not identify specific banks, disclose investment or transaction amounts, or state the exact date of Wilson’s remarks.