From FTX fallout to fresh capital: Former US chief raises $35M for new exchange

Brett Harrison, the former president of the defunct FTX US exchange, has secured $35 million in a new funding round for his startup, Architect Financial Technologies. This capital will be used to develop an institutional trading platform that integrates crypto, equities, futures, and other derivatives. Investors in this round included Miax, Tioga Capital, ARK Investment, Galaxy, and VanEck. This follows a previous $12 million raise in 2024. Architect has also received regulatory approval in Bermuda to offer perpetual futures contracts tied to traditional assets. The company is explicitly targeting professional and institutional traders with advanced features and plans to expand beyond Bermuda into Europe and the Asia-Pacific region, capitalizing on the massive, yet volatile, global derivatives market.

(Source：Cointelegraph)