Big Banks Prefer Private Blockchains Over Public for Institutional Trading
According to DRW founder Don Wilson, institutions are opting to build their own private blockchains rather than utilizing open ledgers. This preference stems from a conflict between how public blockchains operate and how traditional institutions manage risk and execute trades. The current structure of public blockchains, as highlighted by Wilson, limits their adoption within the institutional sector, leading big banks to snub them in favor of proprietary, private solutions that better align with their operational and risk management requirements.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.