Brett Harrison, former president of FTX US, is back with a new initiative aimed at rethinking how markets operate. Through his new company, Architect Financial Technologies, he launched a regulated exchange called AX. The goal is to incorporate the flexible, always-on nature of crypto-style perpetual futures. the world of traditional finance. Stocks, currencies, commodities and even interest rates are now on the table.
What is AX? Turning traditional assets into 24/7 criminals
At the heart of AX is a product familiar to cryptocurrency traders: perpetual futures. These are contracts that do not expire and now AX plans to offer them not only for cryptocurrencies, but for individual stocks, global indices, currencies, metals and energy markets. also.
He @Arquitecto_fi Our team and I are excited to announce the launch of AX, the world’s first centralized and regulated exchange for perpetual futures on traditional assets: currencies, individual stocks, ETFs, stock indices, interest rates, metals, energy and more. pic.twitter.com/W5hmihDubc
—Brett Harrison (@BrettHarrison88) October 29, 2025
Traders can use fiat or dollar-pegged stablecoins as collateral. The idea is to provide users with continuous access, allowing them to operate 24 hours a day. No It matters what the asset class is. Harrison believes it is time for traditional markets to benefit from the same speed and flexibility that crypto markets already offer.
Bermuda, support and basis for regulation
The new platform is launched from Bermuda under the supervision of the Bermuda Monetary Authority. This provides a regulatory framework, which is important because perpetual futures have largely been outside the boundaries of traditional, regulated markets. finance.
AX is already raising a Series A round and counts notable investors such as Coinbase Ventures, Circle Ventures and SALT Fund among its backers. That kind of support indicates trust, but also highlights how different this platform is. than what has come before.
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Why does this feel like a line has been crossed?
This move could help redefine the map of how derivatives are traded. By offering perpetual contracts for traditional assets, AX blurs the line between crypto markets and traditional finance. If the platform gains traction, it could alter the way institutions and even retail traders view exposure to stocks and currencies.
Harrison believes the market is ready, especially now that there is growing interest in flexible, fast-moving tools that surpass what legacy platforms offer.
Speed bumps and open questions
Of course, just because AX is launching doesn’t mean everything will be fine. It still needs to attract sufficient trading volume, establish robust risk controls and address the technical challenges of continuous trading. The United States remains a challenging environment and it is unclear whether AX will be able to enter that market at any time. soon. People watching this space will pay attention to which assets are listed first, how collateral is handled, and how regulators respond to this new model.
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A new type of exchange is taking shape
Brett Harrison isn’t just starting another crypto company. You’re trying to build something that combines the best of both worlds. If this works, traders will have a way to speculate on everything from Apple stock to crude oil using a structure. that was once only available to cryptography experts. It’s still early days and success will depend on how the market reacts, but AX has launched a challenge to the old way of doing things. Now the rest of the industry decides if it wants to follow.
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Key takeaways
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Brett Harrison, former president of FTX US, launched Architect Financial Technologies and his AX regulated exchange to merge crypto-style perpetual futures with traditional finance.
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AX will enable 24/7 trading of perpetual futures for stocks, currencies, indices, metals and energy markets using fiat or stablecoins as collateral.
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The exchange operates under Bermuda’s regulatory framework, backed by major investors such as Coinbase Ventures, Circle Ventures and SALT Fund.
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By extending perpetual contracts beyond cryptocurrencies, AX could redefine how retail and institutional traders access exposure to traditional assets.
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Challenges include attracting liquidity, maintaining compliance and managing risk in a model that merges two very different financial systems.
The post Former FTX US Chief Brett Harrison Launches AX Trading Platform appeared first on 99Bitcoins.
