Vector Smart Chain Poaches Citigroup CFO—Now Promises ’No More Gas Fee Surprises’

In a move that screams ’Wall Street meets Web3,’ Vector Smart Chain just hired Citigroup’s former CFO—because nothing says decentralization like ex-banking execs.

The chain’s new party trick? Fixed gas fees. No more volatile pricing that makes traders sweat—just predictable costs that even your grandma could budget for (if she’d stopped asking what a blockchain is).

Will this lure institutions? Probably. Will crypto purists howl about ’selling out’? Absolutely. But hey—if it crashes fewer portfolios than Citigroup’s 2008 balance sheet, that’s progress.

Vector Smart Chain appoints former CityGroup executive

In tandem with the rollout of its new gas model, VSC also announced the appointment of a former Chief Financial Officer at CitiGroup Finance. Peter Ritchie will join the LAYER 1 network as Strategic Finance Executive Consultant, helping to advance the platform’s long-term financial strategy.

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

Ritchie will guide VSC’s global financial roadmap and ensure its economic model remains sustainable. He will also work on strengthening the network’s integration with institutional and enterprise clients. In addition, Ritchie will play a role in VSC’s efforts to achieve carbon-neutral status.

VSC is already gaining traction. Recently, BESC Exchange announced it would migrate from solana to VSC, citing the network’s infrastructure and economic model as offering the highest potential for growth.