Brett Harrison Introduces AX, a New Financial Technologies Platform from Architect

Launch of AX: Former FTX US President Brett Harrison has launched Architect Financial Technologies and its platform AX, which integrates perpetual futures trading into traditional asset markets like stocks and commodities, regulated by the Bermuda Monetary Authority.

Funding and Support: Architect Financial Technologies is raising a Series A funding round with notable investors such as Coinbase Ventures and Circle Ventures, aimed at supporting the development of AX, which allows trading with USD and stablecoins as collateral.

Focus on Traditional Assets: AX offers perpetual futures for various traditional assets, including foreign exchange, stocks, ETFs, and commodities, enabling efficient trading strategies similar to those in the digital asset space.

Community and Market Reaction: The community's response to AX is speculative, with optimistic developer sentiment supported by Connamara Technologies, while the platform's connection to digital asset innovation reflects a growing interest in perpetual futures trading.