From FTX fallout to fresh capital: Former US chief raises $35M for new exchange

Former-FTX US president Brett Harrison’s Architect Financial Technologies secured $35 million to build an institutional trading platform spanning crypto, equities, and futures.

Brett Harrison, the former president of the now-defunct FTX US exchange, has closed a $35 million funding round for his new derivatives venture, signaling renewed investor confidence in the sector and continued venture appetite for crypto-linked derivatives infrastructure.

On Tuesday, The Information reported that Harrison’s startup, Architect Financial Technologies, is using the funding to build an institutional trading platform spanning derivatives, equities, futures and digital assets. Participants in the round included Miax, Tioga Capital, ARK Investment, Galaxy and VanEck.

The new capital follows a $12 million funding round in 2024 backed by Coinbase Ventures, Circle Ventures, SALT Fund and other investors.

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