Former FTX Employee Secures $35 Million in Funding, This Time They Built a Special Exchange
Former FTX US President Brett Harrison's fintech firm, Architect Financial Technologies, has raised $35 million in Series A funding at a $187 million valuation. The round was led by MIAX and Tioga Capital, with participation from ARK Invest, Galaxy Ventures, VanEck, and Coinbase Ventures, among others. Founded in January 2023, Architect aims to bridge traditional and digital asset markets by offering brokerage services, trading technology, and post-trade solutions for institutional clients.
A key product is AX, a perpetual futures exchange for traditional assets like forex, interest rates, and metals—bypassing strict U.S. crypto regulations. The platform provides API-driven tools, multi-asset brokerage, and compliance with U.S. financial standards. Architect, which operates as a B2B infrastructure provider rather than a crypto exchange, targets hedge funds and asset managers seeking to integrate TradFi and DeFi.
Harrison, a Harvard graduate and ex-Jane Street executive, left FTX US in early 2022 before its collapse. Architect’s focus on regulated, institutional-grade technology positions it to capitalize on the convergence of traditional and blockchain-based finance.
marsbit12/25 04:37