Architect Financial Technologies Raises Fresh Capital

Brett Harrison, the former president of FTX's US operations, has successfully raised $35 million in funding for his new venture, Architect Financial Technologies. The capital will be used to develop a sophisticated institutional trading platform designed to handle cryptocurrencies, traditional equities, and futures contracts.

Building Beyond the FTX Legacy

The fundraising marks a significant step for Harrison, who left FTX US in September 2022, prior to the global exchange's dramatic collapse in November. Architect aims to create a compliant, institutional-grade infrastructure that addresses the operational and risk management needs of professional trading firms and asset managers looking to access digital and traditional markets through a single, integrated system.

"The goal is to build the tools that institutions actually need for complex, multi-asset strategies," a source familiar with the project stated. The platform intends to differentiate itself by focusing on robust technology, transparency, and regulatory compliance from the outset.

A New Chapter in Crypto Finance

This substantial funding round, led by undisclosed investors, signals continued institutional interest in the digital asset space despite the recent market turmoil. It also represents a notable comeback for an executive closely associated with one of crypto's most high-profile failures. The success of Architect will likely be watched as a barometer for the industry's ability to rebuild trust and attract professional capital post-FTX.