Architect Financial Technologies Inc. announced the completion of a $35 million strategic Series A investment round. The funding will now aim to accelerate the growth of AX, the financial industry’s centralized exchange for perpetual futures on traditional asset classes, “launched by the company last month.” Operated by Architect’s Bermuda-based affiliate Architect Bermuda Ltd., AX offers clients “perpetual contracts on foreign currencies, interest rates, single stocks, stock indexes, metals, and other commodities, with the security of transacting” under the regulatory regime of the Bermuda Monetary Authority.
Architect’s Series A funding round was anchored “by Miami International Holdings, Inc. and Tioga Capital, with participation from a consortium of financial services companies including Galaxy Ventures , ARK Invest, VanEck, Trumid, Geneva Trading, and other trading firms.”
The company also received substantial renewed “support from its earlier investors Coinbase Ventures, Strobe Ventures, CMT Digital, and Third Kind Venture Capital.”
Broadhaven served as “advisor to the transaction.”
Architect has previously completed “a $5 million pre-seed round upon its establishment in 2023 and a $12 million seed round in 2024.”
Brett Harrison, Founder and CEO of Architect, commented that their team is pleased to initiate AX’s next critical phase of “growth with the support of this strong group of strategic partners.”
Harrison added that they are appreciative of their expertise and guidance as we advance toward the shared goal of catalyzing a new era in global derivatives trading.”
AX is currently available to institutions — including “hedge funds, market makers, family offices, asset managers, insurance and reinsurance companies, and lenders — in eligible jurisdictions.”
As noted in the update, Architect Financial Technologies Inc., “through its subsidiaries, provides institutional trading technology, US electronic brokerage services, and a global perpetual futures exchange.”
Architect Securities LLC is a “FINRA-registered Introducing Broker-Dealer for SEC-regulated securities and security derivatives.”
As stated in a release, Architect Financial Derivatives LLC is “an NFA-registered Independent Introducing Broker for CFTC-regulated derivatives.”
Architect Bermuda Ltd. is reportedly being regulated under “the Bermuda Monetary Authority and operates AX, a multi-asset perpetual futures exchange for institutional customers.”