The post FTX Is Coming Back To the US With a New Trading Platform? appeared on BitcoinEthereumNews.com. Former FTX US President Brett Harrison is developing a new trading platform to offer perpetual contracts on traditional assets such as stocks and foreign exchange. The initiative aims to bring traditional capital market trading into a trading structure similar to crypto perpetual contracts. Sponsored Sponsored Harrison Reveals Plans for AX Exchange Harrison announced on Wednesday that his financial infrastructure firm, Architect, plans to launch AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets. These assets cover everything from foreign exchange to single stocks, exchange-traded funds (ETFs), stock indices, and other commodities. The initiative aims to apply the same model used in crypto perp markets to traditional assets. “We designed AX with the goal of combining the capital efficiency and operational simplicity of crypto perps with the security, transparency, and regulatory oversight of traditional futures exchanges: price bands, volatility halts, default waterfalls, and product-specific margin,” Harrison said on X.  The company behind AX has already received strong financial backing. AX Receives Major Investor Backing Bloomberg reported earlier today that Chicago-based Architect has raised $17 million in its ongoing Series A funding round. The participation of Coinbase Ventures, Circle Ventures, and Anthony Scaramucci’s SALT Fund adds institutional credibility to the AX project. Sponsored Sponsored The @Architect_fi team and I are excited to announce the launch of AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets: FX, single stocks, ETFs, stock indexes, interest rates, metals, energy, and more. pic.twitter.com/W5hmihDubc — Brett Harrison (@BrettHarrison88) October 29, 2025 This backing helps set Architect and AX apart from FTX US’s legacy. It also demonstrates that AX has the financial resources to develop and launch a regulated trading platform, considering such an initiative involves significant licensing, technology, and compliance costs.  Architect recently secured a license from the… The post FTX Is Coming Back To the US With a New Trading Platform? appeared on BitcoinEthereumNews.com. Former FTX US President Brett Harrison is developing a new trading platform to offer perpetual contracts on traditional assets such as stocks and foreign exchange. The initiative aims to bring traditional capital market trading into a trading structure similar to crypto perpetual contracts. Sponsored Sponsored Harrison Reveals Plans for AX Exchange Harrison announced on Wednesday that his financial infrastructure firm, Architect, plans to launch AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets. These assets cover everything from foreign exchange to single stocks, exchange-traded funds (ETFs), stock indices, and other commodities. The initiative aims to apply the same model used in crypto perp markets to traditional assets. “We designed AX with the goal of combining the capital efficiency and operational simplicity of crypto perps with the security, transparency, and regulatory oversight of traditional futures exchanges: price bands, volatility halts, default waterfalls, and product-specific margin,” Harrison said on X.  The company behind AX has already received strong financial backing. AX Receives Major Investor Backing Bloomberg reported earlier today that Chicago-based Architect has raised $17 million in its ongoing Series A funding round. The participation of Coinbase Ventures, Circle Ventures, and Anthony Scaramucci’s SALT Fund adds institutional credibility to the AX project. Sponsored Sponsored The @Architect_fi team and I are excited to announce the launch of AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets: FX, single stocks, ETFs, stock indexes, interest rates, metals, energy, and more. pic.twitter.com/W5hmihDubc — Brett Harrison (@BrettHarrison88) October 29, 2025 This backing helps set Architect and AX apart from FTX US’s legacy. It also demonstrates that AX has the financial resources to develop and launch a regulated trading platform, considering such an initiative involves significant licensing, technology, and compliance costs.  Architect recently secured a license from the…

FTX Is Coming Back To the US With a New Trading Platform?

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Former FTX US President Brett Harrison is developing a new trading platform to offer perpetual contracts on traditional assets such as stocks and foreign exchange.

The initiative aims to bring traditional capital market trading into a trading structure similar to crypto perpetual contracts.

Sponsored

Sponsored

Harrison Reveals Plans for AX Exchange

Harrison announced on Wednesday that his financial infrastructure firm, Architect, plans to launch AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets.

These assets cover everything from foreign exchange to single stocks, exchange-traded funds (ETFs), stock indices, and other commodities. The initiative aims to apply the same model used in crypto perp markets to traditional assets.

The company behind AX has already received strong financial backing.

AX Receives Major Investor Backing

Bloomberg reported earlier today that Chicago-based Architect has raised $17 million in its ongoing Series A funding round. The participation of Coinbase Ventures, Circle Ventures, and Anthony Scaramucci’s SALT Fund adds institutional credibility to the AX project.

Sponsored

Sponsored

This backing helps set Architect and AX apart from FTX US’s legacy. It also demonstrates that AX has the financial resources to develop and launch a regulated trading platform, considering such an initiative involves significant licensing, technology, and compliance costs. 

Architect recently secured a license from the Bermuda Monetary Authority and plans to leverage the jurisdiction’s regulatory framework to operate AX as a compliant venue.

Altogether, these developments signal growing investor confidence in Harrison’s leadership and vision.

The Journey from FTX to AX

Before founding Architect in early 2023, Brett Harrison served as President of FTX US, where he oversaw institutional business development. He left the company in September 2022, shortly before its parent exchange collapsed, citing internal management challenges. 

Before FTX US, Harrison held senior roles in traditional finance. At Citadel Securities, he was Head of Trading Systems Technology, leading the design and management of high-performance trading infrastructure. 

Earlier in his career, he worked at Jane Street, a quantitative trading firm, developing trading systems and collaborating with Sam Bankman-Fried.

Source: https://beincrypto.com/ex-ftx-president-new-futures-trading-platform/

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