Former FTX President Harrison Secures $35M for Derivatives Platform
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Successful Funding: Brett Harrison, the former president of FTX US, has closed a $35 million funding round, signaling a resurgence of investor confidence in the derivatives market and ongoing appetite for crypto-linked derivatives infrastructure.
- Platform Development: The new capital will be utilized to build an institutional trading platform that spans derivatives, equities, futures, and digital assets, targeting professional and institutional traders with features like algorithmic trading and advanced risk management tools.
- Market Expansion: Architect Financial Technologies has received regulatory approval in Bermuda to offer perpetual futures contracts tied to traditional assets, with plans to expand into European and Asia-Pacific markets, thereby enhancing its competitive edge.
- Derivatives Market Size: The derivatives market is regarded as the largest segment of global financial markets, with notional values of outstanding contracts reaching hundreds of trillions of dollars, underscoring its central role in market activity while facing liquidity challenges.
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.
