Brett Harrison Raises $35 Million to Launch Institutional Derivatives Exchange AX

0xInsomnia · 2026-01-28T11:10:47+00:00

Brett Harrison has raised $35 million for Architect Financial Technologies, valuing it at $187 million. The company's AX platform specializes in perpetual contracts for traditional assets, targeting institutional investors outside the US while complying with Bermuda's regulations.

0xInsomnia

2026-01-28 11:10:47

Abstract generation in progress

Former FTX US president Brett Harrison has successfully closed a $35 million funding round for Architect Financial Technologies, a fintech company he founded to reshape institutional trading. The funding values the company at approximately $187 million, marking a significant milestone for the venture.

AX: Trading Traditional Asset Derivatives for Institutions

The company’s flagship platform, AX, takes a novel approach to derivatives trading by focusing on perpetual contracts tied to traditional assets such as stocks and forex, rather than cryptocurrency derivatives. This specialization targets institutional investors seeking regulated exposure to traditional market derivatives without the volatility associated with digital assets.

The exchange operates under Bermuda’s regulatory framework, ensuring compliance with international financial standards. Due to current US regulatory restrictions on perpetual futures products, AX is exclusively available to institutional investors located outside the United States, positioning the platform as a cross-border solution for global institutions.

Regulatory Path and Market Positioning

Brett Harrison’s venture demonstrates the growing demand for institutional-grade trading platforms that bridge traditional finance and derivatives markets. The company previously secured an independent introducing broker registration in the United States, establishing a regulatory foundation for future expansion. This regulatory progression reflects the evolving landscape of derivatives trading and the strategic positioning of Architect Financial Technologies within the institutional market.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.