Ex-Citi CFO Jumps Ship to Lead ’World’s First Fixed-Fee Blockchain’—Because Banks Clearly Had It Figured Out
In a move that screams ’narrative flip,’ the blockchain project claiming to solve crypto’s fee volatility problem just poached Wall Street credibility. The unnamed protocol—positioning itself as the anti-gas-fee play—snagged a former CitiGroup finance chief as its new captain.
Why it matters: When TradFi brass defect to DeFi, it’s either a damning indictment of legacy finance...or a brilliant PR stunt. This one reeks of both.
The subtext: That ’fixed fee’ promise better hold—nothing burns institutional trust faster than a ’stable’ crypto project that craters like a meme coin. Just ask the 2022 algo-stablecoin graveyard.

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