Brett Harrison Secures $35M for New Crypto Derivatives Venture, Boosting Industry Confidence
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Successful Funding: Brett Harrison, former president of FTX US, has secured $35 million for his new derivatives venture, Architect Financial Technologies, indicating a resurgence of investor confidence in the crypto sector and a sustained demand for innovative derivatives infrastructure.
- Product Development: The funding will be utilized to develop an institutional trading platform that offers a comprehensive suite of products, including derivatives, equities, futures, and digital assets, aimed at meeting the needs of professional traders and enhancing market competitiveness.
- Regulatory Approval: Architect has received regulatory approval in Bermuda to offer perpetual futures contracts tied to traditional assets such as stocks, commodities, and foreign currencies, highlighting its strategic focus on mainstream integration and further advancing the maturity of crypto derivatives.
- Market Expansion Plans: The company plans to expand beyond Bermuda into Europe and the Asia-Pacific region, showcasing its potential in the global crypto derivatives trading market, aiming to attract more institutional investors and enhance market liquidity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
