Architect Raises $5M in Seed Round to Revolutionize Institutional Crypto Trading

• 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.
• Backers include Coinbase Ventures, Circle Ventures and SV Angel among others.

Brett Harrison, the former FTX.US president, has announced the successful closure of his new venture, Architect, securing a total of $5 million in seed funding. Backers of this new venture include some of the most prominent players within the crypto and venture capital space, including Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.

Architect is a decentralised finance (DeFi) venture that has been in stealth development since last September. The project aims to build institutional-grade trading technology that will streamline the crypto markets, making it easier and more efficient for institutional players to trade in the crypto space.

According to Harrison, the team behind Architect has been working hard for the past few months to create a platform that institutional investors can trust. This includes secure accounts, sophisticated risk management tools, and a user-friendly interface. Additionally, Architect will also offer advanced tools for traders, including automated trading and advanced analytics.

The new platform is expected to launch in the coming months. Harrison has also indicated that his team is already in talks with several large institutional investors who are interested in using Architect’s technology. He also stated that they are also planning to launch a token to reward users who help to develop and promote the platform.

The $5 million seed round will be used to further develop and expand the platform, as well as fund marketing and promotional activities. This will help Architect to reach out to more institutional investors and increase its user base.

With the new venture, Harrison is hoping to revolutionize the way institutional investors trade in the crypto space. He believes that Architect will create a more secure, efficient, and transparent trading environment, allowing institutional investors to make informed decisions and maximize returns.

Only time will tell if Architect will be able to live up to its expectations. However, with the backing of some of the top venture capitalists in the space, and the knowledge and experience of the team behind it, the venture looks very promising. If successful, it could be a game changer for the institutional crypto trading market.