• Former FTX president Brett Harrison has raised $5 million in a seed round investment for his new crypto project Architect.
• The project aims to build new institutional-grade trading technology and has been in stealth development since September.
• Investors who have backed the project include Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel.
The crypto space has been abuzz with the news that former FTX president Brett Harrison has raised a whopping $5 million in a seed round investment for his new crypto project, Architect. The project, which has been in stealth development since September, aims to build new institutional-grade trading technology for the crypto markets.
Brett Harrison, who formerly led the US division of the popular crypto exchange FTX, is the founder of Architect. The announcement made on Friday stated that a number of top venture investors within the crypto space had backed the project, 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.
The newly launched project, Architect, is building a decentralized finance (DeFi) platform which will provide traders and institutional investors access to the crypto markets. As part of the project, a number of products are being developed which will streamline the process of trading crypto assets. These products include a trading protocol, a liquidity aggregator, a portfolio management tool, and a risk management system.
The mission of the project is to provide a secure and reliable platform for trading digital assets. According to Harrison, Architect will focus on providing a suite of products for both retail and institutional investors on the platform. The hope is that these products will provide a more secure, efficient and cost-effective way to trade digital assets.
In addition to its financing round, Architect has also announced a strategic partnership with the blockchain infrastructure startup, Solana. This partnership will allow Architect to utilize Solana’s technology to further streamline the trading of digital assets.
Overall, the launch of Architect is a major step forward for the crypto space. With its secure platform and suite of products, users are sure to have a more efficient way to trade digital assets. With the backing of some of the biggest names in the industry, it’s no surprise that Architect has already made a big splash. We’ll be sure to keep an eye on the project and how it continues to evolve in the future.