In a world where numbers dance like dervishes and fortunes vanish faster than a magician’s hat, Brett Harrison, once the ringmaster of FTX US, now dons a top hat and monocle to unveil his latest act: AX, a perpetual futures platform for traditional assets. One might say it’s the financial equivalent of juggling live grenades while riding a unicycle-except the grenades are called “collateral” and the unicycle is named “Bermuda Monetary Authority.”
Architect Financial Technologies, Harrison’s new venture, boasts a license from Bermuda-a land where the sun never sets on bureaucracy-to launch AX. This digital acrobatics show allows traders to bet on everything from foreign currencies to rare earth metals (yes, even the kind that power your electric car, which you’ll never afford). Harrison, with the confidence of a man who has seen empires rise and crumble, claims this is “not crypto, just… traditional assets in a perpetual party.”
“The @Architect_fi team and I are thrilled to present AX,” Harrison tweets, “a regulated, centralized exchange for perpetual futures on FX, stocks, indexes, metals, and more.” One might ask, “Why not just invest in a time machine?” But then again, who needs sleep when you can trade 24/7? 🌙✨
– Brett Harrison (@BrettHarrison88) October 29, 2025
How the Perpetual Masquerade Unfolds
Perpetual futures, or “perps,” are the financial world’s favorite never-ending masquerade ball. No expiration dates, no awkward small talk-just leveraged bets that linger like a bad joke. Harrison, ever the optimist, believes traditional markets are ready for this “innovation,” despite the U.S. regulators still debating whether Bitcoin is a currency, a commodity, or a divine punishment.
AX promises round-the-clock trading, because who needs weekends when you can speculate on data center costs at 3 a.m.? Collateral will be accepted in fiat or stablecoins-because nothing says “stability” like a tokenized dollar tied to the moon’s gravitational pull. 🌕
Investors: The New Aristocracy of Finance
Architect’s Series-A round has already netted $17 million from investors who’ve previously funded crypto unicorns and vaporware. Coinbase Ventures, Circle, and Anthony Scaramucci’s SALT Fund-all seasoned players in the “trust us, we’re smart” game-have thrown their hats into the ring. Harrison, a man who once traded with Citadel and Jane Street, now navigates a landscape where “regulation” is a word that sounds suspiciously like “opportunity.”
As for the U.S. regulatory green light? Well, Donald Trump’s deregulatory plans are as reliable as a weather forecast in Siberia. Meanwhile, Cboe Global Markets plans to launch its own perpetual contracts for Bitcoin and Ether-because nothing says “tradition” like betting on digital gold. 🏦💎
In the end, one wonders: Is AX a phoenix rising from FTX’s ashes, or merely a clever illusion? Only time-and perhaps a few more leveraged bets-will tell. But in the theater of finance, the show must go on. 🎭
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2025-10-29 23:30