#USA #Chicago #Series A Funding #Architect Financial #AX exchange

Architect Financial Technologies Closes $35 Million Series A Round

Chicago, IL - Architect Financial Technologies Inc. has recently announced that it has finalized a strategic Series A investment round, successfully raising $35 million. This funding will be instrumental in accelerating the growth of AX, which is touted as the financial industry's first centralized exchange specifically for perpetual futures on traditional asset classes. AX was launched just last month, marking a significant milestone in the trading landscape.

The exchange is operated by Architect’s Bermuda affiliate, Architect Bermuda Ltd., and offers institutional clients innovative perpetual contracts on various assets, including foreign currencies, interest rates, individual stocks, stock indices, metals, and other commodities. One of the distinguishing features of the AX exchange is its adherence to a comprehensive regulatory framework governed by the Bermuda Monetary Authority, providing a secure environment for transactions.

The Series A funding was notably anchored by Miami International Holdings, Inc. (NYSE: MIAX) and Tioga Capital, alongside a consortium of leading global financial services firms, which includes Galaxy Ventures (Nasdaq/TSX: GLXY), ARK Invest, VanEck, Trumid, Geneva Trading, and others. Furthermore, Architect received substantial renewed support from previous investors such as Coinbase Ventures (Nasdaq: COIN), Strobe Ventures, CMT Digital, and Third Kind Venture Capital. The transaction benefitted from the advisory services of Broadhaven.

In recent years, Architect has successfully raised funds in a pre-seed round of $5 million upon its establishment in 2023 and subsequently completed a $12 million seed round in 2024. With the latest influx of capital, the company is poised to take the next crucial steps in the development of AX.

Brett Harrison, the Founder and CEO of Architect, expressed enthusiasm regarding the funding, stating, "Our team is excited to initiate AX's next critical phase of growth with the support of this strong group of strategic partners. We are grateful for their expertise and guidance as we advance toward the shared goal of catalyzing a new era in global derivatives trading."

Accessing AX

AX is currently accessible to institutional players such as hedge funds, market makers, family offices, asset managers, insurance firms, and lenders across eligible jurisdictions. Interested parties can find more details about AX and how to onboard on the exchange by visiting architect.exchange or reaching out to contact @architect.exchange. Individual traders aspiring to engage with AX can sign up for a waitlist via the same website.

About Architect

Architect Financial Technologies Inc. operates through several subsidiaries to provide 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. Meanwhile, Architect Financial Derivatives LLC is NFA-registered as an Independent Introducing Broker for CFTC-regulated derivatives. Architect Bermuda Ltd. operates the AX exchange under the regulatory oversight of the Bermuda Monetary Authority, catering to institutional clients worldwide.

For further insights into Architect's services and offerings, please explore architect.exchange and architect.co.

Note: This article serves purely for informational objectives and should not be interpreted as investment advice. Readers are encouraged to consult with financial and legal advisors regarding any investment decisions.