• Brett Harrison, the former FTX.US president, has raised $5 million in a seed round funding for his new crypto project for institutional investors.
• The new platform is a decentralised finance (DeFi) venture dubbed Architect and has been in stealth development since last September.
• Investors to back the former FTX.US president’s startup Architect include Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel.
Brett Harrison, the former president of FTX.US, has announced that his new crypto project for institutional investors has successfully secured $5 million in a seed round funding. The venture has been christened Architect and has been in stealth development since September last year. It is a decentralized finance (DeFi) project, and some of the top venture investors in the crypto space have backed it, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel. SkyBridge Capital’s Antony Scaramucci has also invested in the new crypto software project.
Architect is building trading software that is meant to streamline the crypto markets. According to Harrison, Architect will provide a comprehensive suite of tools to help traders, institutions and developers access the markets in a secure and efficient manner. It will also offer a web-based interface, which will allow investors to track their portfolios, manage their trades and access market data in real-time.
The project is also developing an open-source protocol that will enable developers to create custom trading strategies, automate their trades and monitor their portfolios. The protocol is designed to be secure and reliable, and to support a wide range of trading strategies. Additionally, it will provide access to a range of liquidity sources, such as exchanges, wallets and OTC desks.
Architect is committed to providing a secure, reliable and transparent platform for institutional investors. It will be built on a decentralized architecture, meaning that all data and transactions will be stored on a distributed ledger. This will ensure that all users’ data is safe and secure, and that it cannot be manipulated or tampered with.
In addition, Architect is aiming to provide an easy-to-use platform that will make it easier for investors to access the crypto markets. It will also offer a range of educational resources to help investors understand the different aspects of crypto trading.
Ultimately, Architect is aiming to become the go-to platform for institutional investors in the crypto space. It is aiming to provide the tools and resources needed to make crypto trading more accessible and secure. With the backing of some of the top venture investors in the crypto space, Architect is well-positioned to become the leading platform for institutional investors.
