From FTX fallout to fresh capital: Former US chief raises $35M for new exchange
PositiveCryptocurrency
- Brett Harrison, the former president of FTX US, has successfully raised $35 million for his new venture, Architect Financial Technologies, aimed at developing an institutional trading platform that will encompass cryptocurrencies, equities, and futures. This funding marks a significant step in the aftermath of the FTX collapse, showcasing resilience in the cryptocurrency sector.
- The capital raised will enable Architect Financial Technologies to establish a robust trading platform, potentially positioning it as a key player in the evolving landscape of digital asset trading and institutional finance. Harrison's leadership and experience from FTX may attract further investments and partnerships.
- This development reflects a broader trend in the cryptocurrency market, where venture capital activity has rebounded, reaching $4.6 billion in Q3 2025, indicating renewed investor confidence despite ongoing challenges such as Bitcoin's realized losses mirroring those seen during the FTX crash. The contrasting movements in the market highlight a complex recovery phase, where new initiatives coexist with lingering concerns about market stability.
— via World Pulse Now AI Editorial System
