Architect Financial Technologies belonging to Former FTX US President Brett Harrison Launches New Trading Platform. It specializes in futures and cryptocurrency trading. Architect Financial raised $5 million in January this year from Coinbase and Circle.
OTC trading via crypto market makers
The new venture will offer clearing and OTC trading services through crypto market makers such as Galaxy Digital. Architect Financial Technologies Inc.’s new platform will come in response to exchanges and business entities. According to Ethereum World Newsthese would include CME Group, Coinbase Global Inc. and Uniswap.
According to a report by Bloombergthe platform will also offer clearing services for futures trading in conjunction with StoneX Group Inc. and Wedbush Financial Services LLC.
” One of the things I learned is that security and trust are paramount in building a trading platform. When we designed Architect, we developed security features to ensure customers remained in control of private information such as wallets, keys, and account information. » Brett Harrison, founder and CEO of Architect Financial Technologies.
What can we expect from Brett Harrison’s new platform?
Brett Harrison is the man who was still the head of the American branch of FTX until September 2022. As a reminder, FTX was one of the largest crypto exchanges in the world. Harrison now wants to tackle the futures and cryptocurrency market.
Harrison’s new venture apparently won’t take over managing and exchanging funds for clients. Its role will be to connect users to crypto and futures markets systems. The software was primarily designed for this reason. Architect’s track record includes offering multiple asset classes including equities, options and fixed income.
According to Harrison, his platform is attracting “tremendous interest” from investors. Brett Harrison founded Architect in January 2023, just 4 months after stepping down as head of FTX’s US branch, the fallen crypto exchange. Did he learn enough to make his new platform what FTX should have been?
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