ItBit appoints former Société Générale exec to lead London initiatives

Announcements | February 24, 2016 By:

ItBit announced it has appointed Jason Nabi, the former global business lead at SocGen, as head of its London-based gold trading operation.

Itbit is hoping to reinvent UK’s gold trading market with its bankchain offering, which is a blockchain-based trade settlement system geared at post-trade clearing.

Nabi started his career as a dealer on the London Stock Exchange, and has held senior positions at IBM Global Services, Bloomberg and BNP Paribas Securities Services.

“The industry is at a turning point with distributed ledger technology, and I believe that itBit is the best-positioned firm to be a leader in this area with its Bankchain offering,” said Nabi.

itBit is a New York-based bitcoin exchange.