Core Insights - Brett Harrison, former president of FTX, is launching a new exchange called Architect Financial Technologies (AX) to offer crypto-inspired perpetual futures for traditional assets [1][2] - AX aims to incorporate traditional safeguards while mimicking crypto leverage and non-expiry features, positioning itself as a timely product in the market [2] - The exchange will operate offshore through a Bermuda affiliate, as U.S. regulators have not yet approved perpetual futures [3] Company Overview - AX is designed to provide 24/7 global access to perpetual contracts in both crypto and traditional stocks [6] - The exchange has successfully raised $17 million from notable backers including Coinbase, Circle, and Anthony Scaramucci [5][6] Regulatory and Market Context - Harrison claims AX to be the "world's first centralized and regulated exchange for perpetual futures on traditional assets," despite scrutiny over his past with FTX [3][4] - The exchange plans to expand its offerings to include emerging asset classes such as rare earth metals and renewable energy [3]