ItBit Joins London Blockchain Scene
Former SocGen managing director Jason Nabi to spearhead Blockchain start-up's EMEA operations.
ItBit is focused on developing a blockchain-based delivery-versus-payment (DVP) mechanism for the spot gold trading market.
Jason Nabi, formerly global head of broker-dealer services at Societe Generale, has joined ItBit as the company's new head of EMEA operations. Nabi has held prior positions at London Stock Exchange, Bloomberg, IBM Global Services, BNP Paribas Securities Services and Markit.
"We are pleased to bring an industry veteran like Jason Nabi onto the team, given his leadership in blockchain applications for post-trade services and his deep understanding of financial markets globally," says Chad Cascarilla, CEO of itBit.
Last month Digital Asset Holding, a blockchain start-up led by former JP Morgan executive Blythe Masters, announced it would be setting up shop in London and had secured $50 million in funding from 13 capital markets firms.
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