Bankless · Wednesday, September 30, 2026
Lucas Schuermann highlighted Variational's strong team composition, emphasizing their extensive background in quantitative finance and TradFi trading. He noted that the co-founders have over a decade of experience running large-scale electronic market-making systems and managing significant books of flow, which directly translates to their ability to aggregate TradFi liquidity and build robust on-chain infrastructure.
“We come from about 10 years in the crypto space, started out in the quant hedge fund area, went for. FX and moved to crypto, ran that in New York for some time, spent a lot of time pitching Tradify allocators, very traditional type of business model.”
“Then we ran a $250 billion book of flow, building out their electronic market making system, their single dealer platform, all the types of technology and infrastructure that is quite relevant to what we do today at a very large scale.”
“Our team's backgrounds come from great other TradFi firms like Jane Street, like IMC, like myself and Ed having spent more than 10 years in the space doing pretty much this exact same business, high frequency trading and market making.”