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Chicago trading legend says most assets will be tokenized in five years
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September 29, 2025
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1:30Now PlayingAfter building a career trading new and niche markets, Don Wilson has his sights set on the GPUs powering AI.
The founder and CEO of DRW joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss the evolution of trading and why he thinks most assets (and maybe even all of them) will be tokenized within the next five years.
Don Wilson has built a career diving into some of trading’s thorniest problems, including figuring out ways to trade new and niche markets. Now, the founder and CEO of DRW has his sights set on the GPUs powering AI, which he thinks could end up being a bigger market than crude oil. In this episode, which was recorded live onstage at our show in Chicago, we talk about how such a market would work, including ways to ‘standardize’ the vast array of different types of semiconductors, and how this could change the capital stack of the industry. We also talk the evolution of trading over Don’s storied career and why he thinks most assets (and maybe even all of them) will be tokenized within the next five years.
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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