Brett Harrison Launches Architect Financial Technologies Platform AX

TLDR

• AX integrates perpetual futures trading into traditional asset markets.
• Architect Financial Technologies secures funding from notable investors.
• The platform operates under the Bermuda Monetary Authority’s regulation.

Former FTX US President Brett Harrison has announced the launch of Architect Financial Technologies, introducing a platform named AX. This regulated exchange is aimed at integrating the functionality of perpetual futures trading, typically associated with cryptocurrencies, into traditional asset markets such as stocks, currencies, and commodities.

Harrison, who departed FTX US in September 2022 following internal disagreements, highlights the innovation of AX in marrying the efficiency of digital markets with well-established asset classes. Architect Financial Technologies’ initiative represents a novel approach to traditional financial markets, potentially reshaping how assets are traded.

Architect Financial Technologies Secures Funding

Architect Financial Technologies is in the process of raising a Series A funding round. Notable investors include Coinbase Ventures, Circle Ventures, and the SALT Fund. This funding will support the development and expansion of AX.

The platform emphasizes traditional assets, allowing the use of USD and stablecoins as collateral. While cryptocurrencies like Bitcoin or Ethereum are not explicitly traded, the introduction of stablecoins could influence markets indirectly.

Traditional Assets Meet Perpetual Futures

AX focuses on offering perpetual futures for a variety of traditional assets. These include foreign exchange (FX), individual stocks, exchange-traded funds (ETFs), stock indexes, interest rates, metals, and energy commodities. This integration allows for efficient trading strategies similar to those seen in the digital assets space.

The platform operates under the regulatory oversight of the Bermuda Monetary Authority, ensuring a structured and compliant environment for traders. This regulatory framework aids in meeting the high standards required for financial exchanges.

Innovation and Market Trends

Brett Harrison shared his excitement via Twitter regarding the launch of AX. He highlighted the platform’s innovative approach and its potential impact on the market through a regulated setup. No immediate responses from leading crypto influencers like Arthur Hayes, CZ, or Vitalik have been documented.

Although the AX platform primarily involves traditional assets, its connection with digital asset innovation is noteworthy. Past trends in the rise of decentralized exchanges such as Hyperliquid and Aster demonstrate a growing interest in perpetual futures online, indicating a potentially receptive market for AX.

Community and Developer Insights

The community reaction remains largely speculative concerning the success and impact AX will have on traditional markets. Developer sentiment is optimistic with the technological support from Connamara Technologies for efficient matching and portfolio margining.

Continuous observation of platforms like GitHub and discussions across social media, including Twitter and Reddit, will provide further insights into the developments within Architect Financial Technologies. Current updates are not directly available through the provided search results.