Ex-Citi CFO Jumps Ship to World’s First Fixed-Fee Blockchain—Wall Street’s Loss is Crypto’s Gain

In a move that’ll make traditional finance squirm, the pioneering fixed-fee blockchain project just poached Citigroup’s former CFO. Talk about a vote of confidence—or maybe just better stock options.

The hire signals blockchain’s creeping legitimacy, even as banks still pretend decentralized tech is ’just for drug dealers.’ The exec’s defection proves crypto’s pulling power when it can outbid Wall Street’s golden handcuffs.

Fixed fees vs. predatory banking charges? This might be the first shot in a fee war that actually benefits users for once. But let’s see if the ’blockchain revolution’ remembers its anti-bank roots when the VC checks clear.

Vector Smart Chain (VSC), a LAYER 1 blockchain protocol, has announced two strategic developments: the implementation of a fixed $4 gas fee model and the appointment of Peter Ritchie, former Chief Financial Officer at CitiGroup Finance, as Strategic Finance Executive Consultant. These initiatives mark a shift in VSC’s operational and leadership structure, aiming to support network scalability and financial oversight.

These developments signal VSC’s growing influence at the intersection of blockchain innovation and institutional-grade finance.

In a space dominated by volatile transaction fees and scalability challenges, VSC’s flat-rate $4 gas fee provides predictable costs, greater accessibility, and enhanced user confidence.

“The $4 gas fee isn’t arbitrary—it’s carefully designed to balance network security and accessibility,” said a VSC spokesperson. “We’re removing the guesswork from blockchain.”

VSC’s hybrid consensus mechanism ensures high throughput and near-instant transaction finality, making it ideal for enterprise adoption and real-world applications such as asset tokenization.

Backed by this innovation, major platforms are already moving. Notably, BESC Exchange recently announced its migration from solana to VSC.

“We believe VSC’s infrastructure and economics offer the highest upside,” said Brian, Executive at BESC LLC.

To support its rapid growth and sustainability-focused vision, VSC has welcomed Peter Ritchie—former CFO of CitiGroup Finance—to help drive global financial strategy.

Ritchie brings decades of institutional finance experience and will play a pivotal role in:

• Designing blockchain-based sustainable finance frameworks
• Advancing VSC’s carbon initiatives
• Guiding enterprise and institutional integration

“This isn’t just about blockchain—it’s about building a transparent, resilient financial future,” Ritchie said. “VSC is uniquely positioned to lead that evolution.”

With transparent network operations via VSC Explorer, deflationary tokenomics (including a $1 buy-and-burn per transaction), and a mission to bring blockchain to mainstream finance, VSC continues to build a robust, accessible, and sustainable ecosystem.

Vector Smart Chain (VSC) is a Layer 1 blockchain protocol designed to deliver cost predictability, transparency, and institutional-grade performance. Its fixed $4 gas fee and hybrid consensus mechanism power next-generation decentralized applications, real-world asset tokenization, and carbon market integrations.

Users can learn more at vsgofficial.com