• Former FTX.US president Brett Harrison has raised $5 million in a seed round for his new project Architect.
• Investors include Coinbase Ventures, Circle Ventures, SV Angel and SkyBridge Capital’s Antony Scaramucci.
• Architect is building new institutional-grade trading technology for the crypto markets.
Brett Harrison, the former president of the US-based crypto exchange FTX, has announced the successful closing of a $5 million seed round for his new venture Architect. The project, which has been in stealth development since September of last year, is focused on creating institutional-grade trading technology specifically designed for the crypto markets.
The seed round was backed by some of the top venture investors in the space, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SV Angel. SkyBridge Capital’s Antony Scaramucci also invested in the project.
Architect is building a suite of trading tools that will make it easier for institutional investors to trade in the digital asset markets. The platform will offer advanced order types, advanced portfolio analytics, and other features designed to streamline the crypto trading experience. It will also offer liquidity solutions, allowing users to access markets in a secure, cost-effective way.
The platform is also developing a range of risk management tools and advanced market surveillance capabilities. These features will help traders identify market risks and take appropriate measures to protect their investments.
In addition to the seed round, Architect has also formed a partnership with the U.S. Securities and Exchange Commission (SEC). The collaboration will help the team develop a compliance framework that meets the SEC’s requirements for digital asset trading.
The team behind Architect is confident that their platform will revolutionize the crypto trading landscape. With its comprehensive set of tools, it has the potential to make trading more efficient, secure, and cost-effective. The team is currently in the process of onboarding new customers and expects to launch the platform in the coming months.