NEW YORK, Feb. 16, 2016 /PRNewswire/ -- itBit announced the opening of its London office to expand its presence in Europe, the Middle East and Africa. The company hired Jason Nabi to head the EMEA with an initial focus on the UK market. Until recently, Nabi was global business lead for post-trade services with a major European bank. He is also an advisor to the Post-Trade Distributed Ledger Working Group, which is coordinating the industry's response on blockchain developments.
"London is a major financial services hub, with a concentration on blockchain innovation, technology and transforming fintech services worldwide," said Chad Cascarilla, CEO of itBit. "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."
"I look forward to working with itBit to establish a leading presence for the company in EMEA, while driving initiatives to enhance and accelerate post-trade processes using our blockchain technology," commented Jason Nabi. "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."
Nabi adds extensive business leadership expertise to itBit, having spent over 20 years at securities services banks and technology firms, most recently at a major European bank leading an initiative to launch a new business delivering post-trade services. Throughout his career, which began as a dealer on the London Stock Exchange, Nabi has led EMEA business development, focused on technology innovations in financial markets, and held leadership roles at with a focus on post-trade. He has held senior positions at Bloomberg, IBM Global Services, BNP Paribas Securities Services and Markit, a global, financial information and services company.
Nabi is an established thought leader in market infrastructure, regulatory developments and blockchain, having helped the London market establish a focus on blockchain in capital markets post-trade.
itBit is a financial services and regulated trust company offering a suite of products leveraging traditional capital markets infrastructure and blockchain technology.