• Former FTX.US president Brett Harrison has raised $5 million in a seed round funding for his new crypto project Architect.
• The platform is a decentralised finance (DeFi) venture and has been in stealth development since last September.
• Investors include Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel, as well as SkyBridge Capital’s Antony Scaramucci.
Brett Harrison, the former president of FTX.US has just announced that his new venture Architect has successfully closed a seed round of $5 million from some of the top venture investors within the crypto space. Investors in the round include Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel, as well as SkyBridge Capital’s Antony Scaramucci.
Architect is a decentralised finance (DeFi) project which has been in stealth development since last September. The platform is looking to streamline the crypto markets with institutional-grade trading technology. According to Harrison, Architect will “build a suite of tools to bridge the gap between traditional financial markets and the crypto markets.”
The platform is being built to create a seamless trading experience for institutional investors, allowing them to easily access the crypto space. It will also enable investors to access the best of both worlds – centralized exchanges and decentralized protocols.
In addition to providing a user-friendly interface and trading tools, Architect will also provide a variety of services such as portfolio management, risk management, and analytics. Additionally, the platform will offer investors a secure and compliant way to invest in digital assets.
Harrison believes that the seed round will help Architect accelerate its development and bring its suite of tools to the market. He stated that “the seed round will enable us to expand our team, develop more features, and bring our institutional grade trading technology to the market.”
With the backing of some of the biggest names in the crypto space, Architect is well-positioned to become a major player in the DeFi space. With its state-of-the-art technology and institutional-grade features, the platform is sure to become the go-to place for institutional investors looking to access the crypto space.