• Former FTX.US president Brett Harrison has raised $5 million in seed round funding for his new venture Architect.
• Investors backing Architect include Coinbase Ventures, Circle Ventures, SV Angel and SkyBridge Capital’s Antony Scaramucci.
• Architect is building new institutional-grade trading technology to streamline the crypto markets.
Brett Harrison, the former President of FTX.US, has announced the successful completion of a $5 million seed round for his new venture – Architect. The funding round was led by some of the biggest names in the cryptocurrency space, including Coinbase Ventures, Circle Ventures, and SV Angel. SkyBridge Capital’s Antony Scaramucci was also among the investors who put their faith in Harrison’s project.
Architect is a decentralized finance (DeFi) platform that is focused on building institutional-grade trading technology. The platform is designed to streamline the cryptocurrency markets and provide users with an efficient and secure way to trade digital assets. Harrison has been hard at work since September of last year, and he believes that the platform will revolutionize the DeFi market.
The $5 million seed round was secured by a number of investors, who saw the potential of Harrison’s project. Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SV Angel all put their faith in Harrison’s project. SkyBridge Capital’s Antony Scaramucci also invested in the venture.
The platform is still in its early stages of development, but Harrison has big plans for Architect. He believes that the platform will be able to offer a number of services, including trading tools, market data, and risk management tools. The platform will also cater to both institutional and retail investors, providing them with a secure and efficient way to trade digital assets.
Harrison has also outlined his vision for Architect, which includes building a platform that is compliant with global regulations and that is secure and reliable. He has also stated that he wants to make sure that the platform is accessible to everyone, regardless of their experience with digital assets.
Architect is just one of many projects that are in the works in the DeFi space, but Harrison’s venture stands out thanks to its focus on institutional-grade trading technology. With the $5 million in seed round funding, Harrison is confident that his project will be able to revolutionize the DeFi market. Only time will tell if Architect will be able to live up to Harrison’s expectations, but for now, the project has the backing of some of the biggest names in the cryptocurrency space.