Ex-FTX US exec Brett Harrison to introduce perpetual futures to traditional asset classes

Brett Harrison, the former president of FTX US, is launching perpetual futures contracts for traditional assets like stocks, commodities, energy, and currencies through his new company, Architect Financial Technologies. The firm's Bermuda-based exchange, AX, has received approval from the Bermuda Monetary Authority to operate. Architect plans to adopt the market structure used in crypto derivatives but apply it to regulated, traditional markets to improve trading capacity and global accessibility. The platform will operate 24/7, accepting both fiat currency and stablecoins as collateral. Architect has already raised $17 million in its Series A funding round from investors including Coinbase Ventures, Circle Ventures, and SALT Fund.

(Source：Crypto Briefing)