Former FTX US president Brett Harrison’s Architect launches regulated exchange to bring crypto-style perpetual futures to traditional assets

Architect Financial Technologies, founded by former FTX US president Brett Harrison, has launched AX, a global centralized regulated exchange designed to bring the capital efficiency and structure of crypto perpetual futures to traditional assets like currencies, stocks, and commodities. Harrison stated that AX merges the simplicity of crypto perps with the security and regulatory oversight of traditional futures exchanges, incorporating features like volatility halts and default waterfalls. The platform uses Connamara Technologies' matching engine, offers low-latency APIs, and operates under a dual-licensing structure from the Bermuda Monetary Authority via its subsidiary Architect Bermuda Ltd. Architect is currently raising capital, having secured $17 million from investors including Coinbase Ventures and Circle Ventures, and AX is open to institutional clients.

(Source：The Block)