Core Insights - Brett Harrison, former President of FTX US, is developing a new trading platform called AX, which will offer perpetual contracts on traditional assets like stocks and foreign exchange [1][2] - AX aims to combine the capital efficiency and operational simplicity of crypto perpetual contracts with the security and regulatory oversight of traditional futures exchanges [3] Funding and Support - Architect, the company behind AX, has raised $17 million in its Series A funding round, with participation from notable investors such as Coinbase Ventures and Circle Ventures [4] - This financial backing enhances the credibility of AX and indicates the resources available for developing a regulated trading platform [5] Regulatory Framework - Architect has secured a license from the Bermuda Monetary Authority, planning to utilize this regulatory framework to operate AX as a compliant trading venue [5] Leadership Background - Brett Harrison founded Architect in early 2023 after leaving FTX US in September 2022, where he managed institutional business development [7]