• Former FTX.US President Brett Harrison has raised $5 million seed round for his new venture Architect.
• Investors include Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.
• Architect is a decentralized finance (DeFi) venture and is building institutional-grade trading technology.
Brett Harrison, the former president of FTX.US, has just announced that his new crypto project, Architect, has secured a $5 million seed round from some of the top venture investors in the crypto community. The investment was led by Coinbase Ventures, Circle Ventures, and SV Angel, and was also supported by SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.
Architect is a decentralized finance (DeFi) venture that is building institutional-grade trading technology to streamline the crypto markets. In a statement released by Harrison on Friday, he said that Architect is dedicated to creating a platform that will enable users to access the best products and services available in the cryptosphere. He also said that the platform will offer an integrated and comprehensive suite of tools, resources, and services that are tailored to the needs of institutional investors.
The seed round funding for Architect will be used to continue the development of the platform and to expand the team. Harrison is confident that the platform will be able to provide a comprehensive set of tools and services that will help institutional investors to manage their crypto portfolios.
Harrison believes that the crypto markets are still in their infancy, and that with the right technology, they can be made much more accessible and user-friendly. He believes that Architect can make a substantial contribution to the crypto industry by providing institutional investors with the necessary tools and services to make informed decisions.
The team behind Architect is comprised of experienced engineers, financial advisors, and crypto veterans who are passionate about creating an institutional-grade platform that will revolutionize the way institutional investors interact with the crypto markets.
With the completion of the seed round, Architect is now one step closer to achieving its mission of making the crypto markets more accessible and user-friendly. The team is now focused on developing the platform, and Harrison is confident that the platform will be ready for launch in the near future.