Brett Harrison, the former president of FTX, is launching a new trading platform for institutional investors for trading future and crypto assets. It will be a new venture after the helm of FTX’s American arm till September last year.
Harrison’s Architect Financial Technologies is launching this new platform to cater to exchanges and trading entities, which includes Coinbase, CME Group, and Uniswap.
It will be a new trading hub where traders can participate actively; the platform is coming after seven months when Harrison exited Sam Bankman Fried’s crypto landscape.
Key Points:
- Architect Financial Technology is launching a new futures and crypto trading hub for institutional investors.
- This new trading platform will offer clearing services and OTC trading through crypto market makers.
- The new era of Architect Financial Technologies is coming just seven months after Harrison’s exit from Sam Bankman’s crypto empire.
Clearing Services and OTC Trading with New Crypto Venture
This new trading platform will be launched by Architect Financial Technologies, which was launched in January by Brett Harrison. He has also served as a Chief Executive of this landscape.
Architect Financial is set to launch an innovative trading platform that will leverage major exchanges and trading venues such as Coinbase Global, CME Group, and DeFi exchange Uniswap.
The platform will also offer clearing services for futures trades, thanks to partnerships with industry leaders StoneX Group Inc. and Wedbush Financial Services LLC.
Founder Brett Harrison brings a wealth of experience from his work in high-frequency trading and crypto exchanges, as he aims to build a cutting-edge platform at Architect Financial.
The Former President of FTX said,
“One of the things I have learned is that security and trust are paramount in building a trading platform. So, as we designed Architect, we have developed security features to ensure clients remain in control of private information such as wallets, keys, and account information.”
Architect Financial Technologies’ upcoming trading hub will not involve managing or trading client funds. However, the firm intends to expand its offerings to other asset classes, such as equities and options, in the future. In addition, the firm plans to provide OTC trading services through partnerships with crypto market makers such as Galaxy Digital and Wintermute.
The company successfully raised $5 million in a funding round conducted in January 2023, with participation from prominent crypto firms, including Coinbase Ventures and Circle Ventures. To further bolster its legal team, Architect Financial has appointed former FTX US senior counsel Karista Vaeth to serve as its corporate counsel.
Final Words
In conclusion, Architect Financial Technologies, led by former FTX US president Brett Harrison, is set to launch an innovative trading platform for institutional investors to trade futures and crypto assets.
The platform will tap into significant exchanges and trading venues such as Coinbase Global, CME Group, and Uniswap while offering clearing services for futures trades and OTC trading through crypto market makers.
With a focus on security and trust, Architect Financial aims to provide cutting-edge features to ensure client control of private information. The company’s successful funding round and the appointment of former FTX US senior counsel Karista Vaeth as corporate counsel further demonstrate its commitment to building a robust and reputable platform for institutional investors.
FAQs
What clearing services will the platform offer?
The platform will offer clearing services for futures trades, thanks to partnerships with industry leaders StoneX Group Inc. and Wedbush Financial Services LLC.
Will the platform expand to other asset classes in the future?
Yes, Architect Financial intends to expand its offerings to other asset classes, such as equities and options, in the future.
Will the platform offer OTC trading?
The platform plans to offer OTC trading through partnerships with crypto market makers such as Galaxy Digital and Wintermute.
Who participated in Architect Financial’s funding round?
Prominent crypto firms, including Coinbase Ventures and Circle Ventures, participated in the funding round, which raised $5 million in January 2023.
Who is serving as Architect Financial’s corporate counsel?
Former FTX US senior counsel Karista Vaeth appoints as the company’s corporate counsel.
