Team
Two founders, one desk.
Sushant and Jenite met at a London crypto market-making firm, where Sushant was CTO and Jenite ran incubation and ecosystem clients. They went on to build Vandergrid together, without external capital.
Co-founder & CTO
Sushant Kumar is co-founder and CTO of Vandergrid, where he leads the firm's trading, market surveillance and credit infrastructure.
Before Vandergrid he was CTO of a London crypto market-making firm. He joined as its first quantitative developer, built its technology from the ground up, from market-making engines and execution infrastructure to strategies and client terminals, and led engineering as the firm grew to 70 concurrent mandates.
At Vandergrid he architected the full trading stack, with engines quoting for 15+ institutional mandates across centralised exchanges, DEXs and perpetuals. He built the firm's market surveillance product, which token issuers use to check order book depth, volume quality and wash trading on the venues where their tokens trade. He also designed an issuer credit framework for tokenised assets, and is building lending against verifiable on-chain protocol revenue.
He contributes to crypto market structure policy, with public comments filed with the US SEC, the CFTC and the UK FCA on market surveillance, token disclosure and tokenised securities.
Articles and regulator filings by Sushant Kumar
Recognition
- ETHGlobal 1st Place, Bangkok 2024 (decentralised dark pool for large private trades)
- J.P. Morgan Code for Good, winner
- Polygon 3rd Place, London 2022
- ImmutableX 3rd Place, 2023
- GE
Co-founder & CEO
Jenite Rajendra is co-founder and CEO of Vandergrid, where he runs strategy, pricing and client mandates, and the firm's relationships with exchanges, investors and institutions.
He studied economics applied to mathematics and started in markets in 2017 at Bloomberg, then worked at a real-estate family office and a fundamentals-driven investment fund. He moved into crypto at Pionex Global, building exchange growth products behind billions in trading volume, then led incubation at Cronos Labs, Crypto.com’s $100m Web3 fund and accelerator, before running incubation and ecosystem clients at a London crypto market-making firm.
At Vandergrid he runs the P&L and the growth engine: he sources and closes the desk's mandates, oversees delivery, and holds direct relationships across exchanges, VCs and institutions.
Recognition
- Crypto.com
- Cronos Labs
- Pionex Global
- Bloomberg
About Vandergrid
The team has run market-making mandates since early 2026. Vandergrid Markets Inc., the current contracting entity, was incorporated in Panama on 7 July 2026. Its founders previously worked together at a London crypto market-making firm.
Legal and structure
Contracting entity: VANDERGRID MARKETS INC., incorporated in the Republic of Panama, Public Registry Electronic Folio 155787042. Clients fund and hold their own trading accounts; Vandergrid trades them through API keys and never takes custody of client assets.