Ex-FTX US Head Brett Harrison Introduces AX Trading Platform
Brett Harrison, previously the president of FTX US, has embarked on a new endeavor focused on reimagining market trading. Through his latest firm, Architect Financial Technologies, he has introduced a regulated exchange known as AX. The objective is to infuse the continuous, adaptable attributes of crypto-style perpetual futures into the realm of conventional finance. Stocks, currencies, commodities, and even interest rates are now possibilities.
What is AX? Transforming Traditional Assets into 24/7 Perps
AX centers around a concept familiar to crypto traders: perpetual futures. These contracts are perpetual, and AX intends to provide them not only for crypto, but also for individual stocks, global indices, currencies, metals, and energy sectors as well.
The @Architect_fi team and I are thrilled to unveil AX, the world’s first centralized and regulated trading network for perpetual futures on conventional assets: FX, individual stocks, ETFs, stock indices, interest rates, metals, energy, and more. pic.twitter.com/W5hmihDubc
— Brett Harrison (@BrettHarrison88) October 29, 2025
Traders can utilize either fiat or dollar-pegged stablecoins as collateral. The concept aims to provide users with uninterrupted access, allowing them to trade continuously regardless of the asset class. Harrison is convinced that it’s time for traditional markets to gain the same speed and versatility that crypto markets currently offer.
Bermuda, Support, and a Regulatory Foundation
The new protocol is being launched from Bermuda, overseen by the Bermuda Monetary Authority. This provides a necessary regulatory structure, which is crucial since perpetual futures have generally been restricted in conventional regulated finance.
AX is currently in the process of raising a Series A round and includes notable backers such as Coinbase Ventures, Circle Ventures, and the SALT Fund. Such backing indicates strong confidence, but it also underscores how unique this platform is compared to its predecessors.
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Why This Feels Like a Boundary Being Crossed
This initiative could help reshape the landscape for how derivatives are traded. By providing perpetual contracts for traditional assets, AX merges the divide between crypto markets and conventional finance. Should the protocol gain popularity, it could transform how institutions and even retail traders view exposure to stocks and currencies.
Harrison is confident that the trading market is ready, especially given the increasing buyer interest for adaptable and rapid tools that exceed the capabilities of traditional platforms.
Obstacles and Unresolved Issues
However, the launch of AX does not guarantee a seamless experience. It still must secure adequate trading volume, implement solid risk management, and tackle the technical challenges associated with continuous trading. The US landscape presents its own complexities, and it remains uncertain if AX will gain entry into that crypto market anytime soon. Observers in this field will focus on which assets are selected for listing first, the handling of collateral, and the regulatory response to this emerging model.
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A New Type of Trading protocol Is Emerging
Brett Harrison is not merely launching another crypto enterprise. He is aiming to create a platform that fuses the best aspects of both worlds. If successful, traders will be able to speculate on a range of assets, from Apple stock to crude oil, utilizing a framework that was previously only accessible to crypto insiders. While it’s still in the early stages, success hinges on market reception, but AX has posed a challenge to traditional methods. It’s now up to the rest of the industry to decide whether to keep pace.
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Key Takeaways
- Brett Harrison, former president of FTX US, has established Architect Financial Technologies and its regulated trading network AX to integrate crypto-style perpetual futures with traditional finance.
- AX will facilitate 24/7 trading of perpetual futures for stocks, currencies, indices, metals, and energy markets using fiat or stablecoins as collateral.
- The trading network functions within Bermuda’s regulatory framework, supported by prominent investors like Coinbase Ventures, Circle Ventures, and the SALT Fund.
- By expanding perpetual contracts to traditional assets, AX could change how both retail and institutional traders gain exposure to conventional markets.
- Obstacles include attracting available volume, ensuring crypto law, and managing risk in a model that fuses two distinct financial frameworks.
The post Ex-FTX US Chief Brett Harrison Launches AX Trading protocol appeared first on 99Bitcoins.
