Architect Financial Technologies announced the completion of a $35 million Series A funding round. The raised capital is intended to develop the AX platform, launched a month ago, which is positioned as the first centralized exchange for perpetual futures on traditional asset classes.
Funding Round Completion
The Series A round was led by Miami International Holdings and Tioga Capital, with participation from other major market players. Broadhaven acted as the financial advisor for the deal, reflecting the typical institutional investor and advisor roles in such rounds.
Features of the AX Platform
AX is positioned as the first centralized exchange for perpetual futures on traditional asset classes, exclusively targeting institutional clients. The platform's operations are conducted through a Bermuda-registered subsidiary, with regulatory oversight provided by the Bermuda Monetary Authority.
Key Investors and Partners
In addition to round leaders Miami International Holdings and Tioga Capital, funding participants included Galaxy Ventures, ARK Invest, VanEck, Trumid, Geneva Trading, and other professional trading firms. Early investors such as Coinbase Ventures, Strobe Ventures, and CMT Digital also provided support, highlighting the interest from various institutional participants in the project.
Instruments Offered on the AX Platform
AX offers institutional participants perpetual futures contracts across a broad range of assets, including currency pairs, interest rates, individual equities, stock indices, metals, and commodities. The company emphasizes that the platform's architecture is designed for professional derivatives market participants, aiming to combine centralized infrastructure with the perpetual contract format.
Company Development Plans
According to founder and CEO Brett Harrison, the new funding round marks the next stage of product development: management plans to accelerate the exchange's scaling and expand its instrument lineup. These plans are part of positioning AX as an institutional-grade platform aimed at meeting the demands of professional traders.
Why This Matters
The news is significant for market participants and industry specialists because a new player has emerged targeting institutional requirements and offering a unique combination of a centralized exchange and perpetual futures on traditional assets. Regulatory oversight by the Bermuda Monetary Authority and involvement of well-known investors indicate the product is being developed with institutional standards in mind.
What to Do?
If you operate between one and a thousand miners in Russia, direct operational connection to the AX platform is unlikely necessary, but it is useful to monitor developments in the derivatives market and infrastructure solutions. We recommend periodically checking news about new instrument launches and trading rule changes, as well as maintaining contact with your broker or platform to timely assess the availability of new services.
For those interested in the broader fintech and infrastructure ecosystem, you can read about other industry projects, such as the Quantex fintech ecosystem or the launch of infrastructure tokenization, to understand overall market development trends.