Brett Harrison Raises $35M for Institutional Derivatives Platform
Brett Harrison, former president of FTX US, has secured $35 million in funding for his new firm, Architect Financial Technologies. The startup aims to build a trading platform for institutional clients that supports derivatives, equities, futures, and digital assets. Major investors in this round include Miax, Tioga Capital, ARK Investment, Galaxy, and VanEck; this follows a prior $12 million investment from Coinbase Ventures, Circle Ventures, and others. Architect recently received regulatory approval in Bermuda to offer perpetual futures tied to traditional assets like stocks, commodities, and currencies. The company targets professional traders with features such as algorithmic trading and advanced risk management, and it plans to expand into Europe and Asia-Pacific. Derivatives are the largest segment of global financial markets, representing notional values of hundreds of trillions of dollars. In crypto, derivatives make up 75-80% of exchange trading volume, amplifying both liquidity and volatility.
