Architect Financial Technologies, founded by the former president of FTX US, has raised $35 million in funding.

Odaily Planet Daily reports that former FTX US president Brett Harrison has completed a $35 million funding round for his newly founded Architect Financial Technologies, valuing the company at approximately $187 million. Its exchange, AX, focuses on perpetual contracts for traditional assets (stocks and forex), rather than crypto perpetual contracts. The platform is regulated in Bermuda and is only open to non-US institutional investors because perpetual futures products have not yet been approved in the US. (The Information)