Ex-FTX US Chief Brett Harrison Secures $35 Million for Architect Financial Technologies

Source: CryptoBriefing Original Title: Ex-FTX US chief Brett Harrison secures $35 million for new exchange Original Link: https://cryptobriefing.com/institutional-trading-infrastructure-launch/

Overview

Former FTX US president Brett Harrison has secured $35 million in funding for Architect Financial Technologies. Founded in early 2023, the Chicago-based startup builds institutional trading software for derivatives, equities, futures, options, and digital assets.

Key Takeaways

• Architect Financial Technologies, led by ex-FTX US chief Brett Harrison, raised $35 million to build institutional trading infrastructure.
• The company targets derivatives, equities, and digital asset markets with support from major fintech investors.

Product and Services

The fintech firm offers tools for algorithmic execution, market visualization, discretionary trading, and risk management. Architect maintains regulatory-compliant subsidiaries, including Architect Financial Derivatives LLC (NFA-registered) and Architect Securities LLC (FINRA-registered).

In October, Architect launched the AX exchange, offering crypto-style perpetual futures for traditional assets with enhanced security and regulatory oversight.

Expansion Plans

Architect plans to expand into Europe and APAC regions. The latest funding follows a $12 million round in 2024 backed by prominent investors such as Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, and P2P Validator. The financing aims to support brokerage expansions and tokenized asset products amid a surge in derivatives trading.