Architect, founded by the former president of FTX US, plans to introduce cryptocurrency-style perpetual futures into the AI computing power market.

PANews reported on January 21st that, according to The Block, Architect Financial Technologies, founded by former FTX US president Brett Harrison, plans to introduce perpetual futures contracts, popular in the cryptocurrency market, to the AI computing power market. The company's AX exchange is about to launch perpetual futures contracts pegged to GPU rental prices and memory prices, currently awaiting regulatory approval. These contracts aim to provide AI companies, data center operators, and hardware vendors with tools to hedge against price volatility and depreciation risks associated with computing power infrastructure. The contracts will be developed in partnership with computing power index provider Ornn Data, whose index is based on real-time GPU trading data. Positions can be held using USD or USD stablecoins as margin.