• Former FTX.US president Brett Harrison has raised $5 million in a seed round for his new venture Architect.
• The funding was led by Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.
• Architect is building institutional-grade trading technology for the crypto markets, aiming to streamline the markets.
Brett Harrison, the former FTX.US president, has announced the closing of a $5 million seed round for his new crypto project, Architect. This venture, which has been in stealth development since September, will provide institutional-grade trading technology for the crypto markets.
The funding was led by some of the top venture investors within the crypto space, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.
The new platform, Architect, is being built for institutional investors. It aims to streamline the crypto markets, making it easier for investors to access the crypto markets and trade more efficiently. The software will provide features such as automated trading and portfolio management, as well as order execution, risk management, and analytics.
Harrison has been involved in the crypto space for some time, having been the president of FTX.US, a leading crypto derivatives exchange. He is also the co-founder of the Crypto Investment Club and a partner at Black Edge Capital.
The $5 million seed round is a significant step for Architect, as it will enable the project to move forward with its development and launch. Harrison said, “We are incredibly excited to be able to bring Architect to the market and I am thankful to our investors and partners for their support. We are dedicated to building the best and most reliable trading platform for institutional investors.”
He added, “Our team is comprised of some of the best and brightest minds in the industry and I am confident that Architect will be a game-changer for the crypto markets.”
With the $5 million seed round, Architect is now well-positioned to launch its platform and bring a new level of trading technology to the crypto markets. Institutional investors will now have access to a range of tools and features that can help them to trade more efficiently and effectively.
As the crypto market continues to grow and mature, Architect’s platform will be a valuable resource for investors looking to capitalize on the opportunities that the market offers. With its cutting-edge trading technology, investors will be able to make more informed decisions and capitalize on the market’s growth potential.