#What Is Architect Financial Technologies Planning?
Architect Financial Technologies is on a mission to revolutionize trading in traditional financial assets. The company, spearheaded by Brett Harrison, the former head of FTX US, aims to introduce perpetual futures trading in markets such as stocks, commodities, and currencies. This initiative seeks to replicate the structural benefits of crypto-derivatives while emphasizing regulation and compliance within traditional finance.
#How Will the New Exchange Operate?
The exchange, known as AX, is based in Bermuda and has received the necessary approvals to facilitate trading in perpetual futures across diverse asset classes, including metals and energy sectors. This operational model is designed to be continuous, ensuring round-the-clock access for traders worldwide. It will accept both standard fiat and stable coins as collateral, promoting accessibility and flexibility in trading.
#What Is the Current Funding Status?
Currently, Architect Financial Technologies is engaged in a Series A funding round, having successfully raised $17 million. Notable investors include Coinbase Ventures, Circle Ventures, and Anthony Scaramucci’s SALT Fund. This backing demonstrates substantial confidence in Architect's ability to innovate in the financial technology landscape.
By offering a structured environment for trading traditional assets with a modern twist, Architect aims to enhance trading capacity and create greater opportunities for retail investors.