Architect Financial Technologies Secures Major Funding
Architect Financial Technologies Inc. is proud to announce that it has successfully completed a significant $35 million Series A funding round. This investment marks a pivotal step towards enhancing AX, a groundbreaking centralized exchange that specializes in perpetual futures on traditional asset classes.
Accelerating Growth at AX
Launched recently, AX operates under the guidance of Architect's Bermuda-based affiliate. It serves institutional clients by offering a diverse range of perpetual contracts that include foreign currencies, interest rates, single stocks, stock indexes, metals, and other valuable commodities. The platform is distinguished by its adherence to the stringent regulatory framework established by the Bermuda Monetary Authority, ensuring a safe and secure trading environment for all participants.
Support from Esteemed Financial Partners
The Series A funding round received prominent backing from Miami International Holdings, Inc. and Tioga Capital. Alongside these key investors, several esteemed global financial services firms participated, including Galaxy Ventures and ARK Invest. Notably, Architect also earned significant renewed support from previous investors such as Coinbase Ventures, Strobe Ventures, and others. This funding showcases the confidence these industry leaders have in the innovative capabilities of Architect Financial Technologies.
Future Plans for AX
Brett Harrison, the visionary founder and CEO of Architect, expressed enthusiasm about this new phase of growth. He stated, "Our team is excited to initiate AX's next critical phase of growth with the support of this strong group of strategic partners. We are grateful for their expertise and guidance as we advance toward the shared goal of catalyzing a new era in global derivatives trading." This excitement echoes through the firm as they prepare to broaden their reach and deepen their impact in the financial world.
Institutional Access to New Trading Opportunities
AX is currently accessible to various institutional investors, including hedge funds, market makers, family offices, asset managers, and insurance companies. Its innovative trading infrastructure is designed to meet the needs of sophisticated participants looking to leverage rapid developments in the derivatives landscape.
Getting Onboard: What Institutions Should Know
Institutional clients interested in engaging with AX can either visit the exchange's website for onboarding information or reach out directly to the company for support. Individuals who wish to trade on AX will find a preliminary waitlist is available, allowing them to express interest in joining this exciting new platform.
About Architect Financial Technologies
Architect Financial Technologies Inc. offers a suite of services that includes institutional trading technology, while also providing US electronic brokerage services and operating a global perpetual futures exchange. Architect Securities LLC is fully registered and compliant with FINRA as an Introducing Broker-Dealer for SEC-regulated securities and derivatives. Architect Financial Derivatives LLC also boasts registration as an Independent Introducing Broker for CFTC-regulated derivatives. Their Bermuda-based affiliate is recognized and regulated under the Bermuda Monetary Authority. Together, they advance a multi-faceted approach to trading across institutional sectors.
Frequently Asked Questions
What is AX?
AX is a centralized exchange for perpetual futures that offers diverse trading opportunities in traditional asset classes.
Who are the main investors in Architect's Series A round?
The funding was primarily anchored by Miami International Holdings and Tioga Capital, with additional participation from leading financial firms.
How does AX ensure a secure trading environment?
AX operates under the regulatory oversight of the Bermuda Monetary Authority, providing a secure and regulated trading framework.
Who can participate in trading on AX?
AX is designed for institutional clients, including hedge funds, asset managers, and other financial entities.
What role does Architect Financial Technologies play in the market?
Architect provides cutting-edge trading technology and brokerage services, contributing to innovation in the derivatives trading landscape.
