Architect Financial Technologies, founded by former FTX US President Brett Harrison, has raised $35 million in funding, valuing the company at approximately $187 million. The firm's exchange, AX, focuses on perpetual contracts for traditional assets such as stocks and forex, rather than cryptocurrencies. Operating under Bermuda's regulatory framework, AX is exclusively available to non-U.S. institutional investors due to the lack of approval for perpetual futures products in the United States.