Less than a week ago, Brett Harrison, the former president of FTX US, posted a 49-part Twitter thread outlining his side of the story while working for disgraced FTX co-founder Sam Bankman-Fried (SBF). On Friday, January 20, 2023, Harrison revealed that his new firm, Architect, raised $5 million from investors including Circle Ventures, Coinbase Ventures, and SALT Fund.
Brett Harrison Architect Aims to Connect Institutional Investors Through Decentralized and Centralized Exchanges
Brett Harrisonthe former president of FTX who left the company in September 2022, has initiated a new company aimed at attracting institutions to the world of decentralized finance (defi). “It is a software company aimed at building an institutional-grade infrastructure to connect various crypto venues through decentralized and centralized exchanges,” Harrison saying Techcrunch reporter Jacquelyn Melinek on Friday.
Harrison’s new company and new capital raise follow the former FTX US president recounting how he left the company and his relationship with its co-founder, Sam Bankman-Fried (SBF). Harrison detailed that his relationship with SBF and FTX CEO deputies “had reached a point of total deterioration.” In the 49-part Twitter thread, Harrison mentioned a crypto startup he was working on. harrison tweeted about the capital raise on Friday, saying, “I’m very happy to announce the founding of (Architect) and the closing of our seed round ($5 million).”
harrison aggregate:
Architect will build institutional-grade trading technology that streamlines the crypto market structure, making it easier and more secure for enterprises and large merchants to access decentralized protocols and centralized exchanges alike. Architect’s products will embody our commitment to security, self-sufficiency, extensibility, and open source design.
In addition to Circle Ventures and Coinbase Ventures, Architect received a capital injection from Motivate Venture Capital, SALT Fund, SV Angel, P2P Validator, Third King Venture Capital, Shari Glazer, and Anthony Scaramucci, the founder of Skybridge Capital. The Harrison’s Architect fundraiser also follows a recent interview with new FTX CEO John J. Ray III, who told The Wall Street Journal that FTX was exploring the possibility of restarting the now-defunct cryptocurrency exchange.
What do you think about Brett Harrison’s new architect defi venture? Share your thoughts on this topic in the comments section below.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
