Former FTX executives' newly founded exchange raised $35 million, with traditional asset Perptual Futures becoming a new track.

PriceOracleFairy · 2025-12-23T14:40:11+00:00

Former FTX US President Brett Harrison's new company Architect Financial Technologies has completed a $35 million financing round and plans to launch Perptual Futures based on encryption trading mechanisms for traditional assets. However, due to unclear U.S. regulations, it can only target non-U.S. institutional investors, reflecting the trend of gradual integration between TradFi and Web3.

PriceOracleFairy

2025-12-23 14:40:11

Abstract generation in progress

[Coin World] Interesting financing case - Brett Harrison, former president of FTX US, has just completed a $35 million financing for his new company Architect Financial Technologies, with a valuation soaring to $187 million.

The key point is what their AX exchange wants to do? Perpetual contracts for traditional assets. That's right, it's perpetual for stocks and foreign exchange, not the cryptocurrency model. This direction is actually quite innovative - leveraging the trading mechanism of crypto perpetuals to tap into the derivatives market of traditional assets.

But there is a practical constraint here. AX has chosen to accept regulation in Bermuda, and it is currently only open to non-US institutional investors. Why? To put it bluntly, the US has not yet approved products like perpetual futures, and the regulatory policies are still in a gray area. Therefore, new platforms can only start with overseas institutional clients.

This actually reflects a larger trend – the boundaries between traditional finance and Web3 are gradually blurring. Some are using blockchain technology to transform the trading experience in traditional markets, while others are using the risk control logic of traditional finance to enter the on-chain world. Brett Harrison's strategy is a typical example of cross-domain innovation. When regulatory policies catch up will determine how far these types of products can go.

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GasFeeVictim

· 2025-12-23 15:09

Former FTX executives are back to raise funds? This guy really has guts. Traditional asset perpetual... sounds good, but the hurdle of U.S. regulation still needs to be crossed. Bermuda is avoiding regulation, it's the same old trick. Wait, isn't this just a derivatives casino with a different skin? Not optimistic, history loves to repeat itself.

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LightningSentry

· 2025-12-23 15:06

Haha, this guy Brett really dares to play, the FTX crash didn't scare him off. Hiding from regulation in Bermuda, this approach looks just like playing on the edge. Traditional assets perpetual? To put it bluntly, they still want to use the same tricks from the crypto world to fleece the traditional market. If the U.S. doesn’t approve, just change the location; it’s a bit cliché, but this business logic is indeed clear. Making money from investors, while avoiding regulation and still being able to conduct internal testing, that’s the game. Only open to institutions, while retail investors are excluded again, it’s always this way. Raising $35 million sounds nice, but being able to execute is what really matters. Can those traditional asset people really handle this? I feel like we still need to see their subsequent actions. With the former FTX executives now coming into play, the market reaction should be very interesting.

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