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Former FTX US President Brett Harrison will launch a trading platform for stocks and forex with "Perptual Futures".
[Former FTX US President Brett Harrison to Launch “Perpetual Futures” Trading Platform for Stocks and Forex] On October 29, according to Bloomberg, Architect Financial Technologies, a startup founded by former FTX US President Brett Harrison, has received approval from the Bermuda Monetary Authority and plans to launch a perpetual futures trading platform called “AX,” bringing the encryption derivation mechanism to traditional asset classes such as stocks, forex, interest rates, and commodities. Harrison stated that the platform will support 24-hour uninterrupted trading, accepting fiat currency and USD stablecoins as margin to break through the limitations of traditional settlement systems. There are also plans to launch Perptual Futures covering AI economy-related assets (such as rare earths, renewable energy, and data center computing power costs) in the future. Architect is headquartered in Chicago and is currently undergoing Series A financing, having received investments from CEX Ventures, Circle Ventures, and Anthony Scaramucci's SALT Fund. Harrison stated that the regulatory environment in the U.S. market is becoming more accommodating, and Perptual Futures are expected to usher in new opportunities in the traditional financial sector.