Survivors of the FTX turmoil have either disappeared into obscurity or taken advantage of the situation to rise.

Brett Harrison belongs to the latter. This former FTX US President had already left before the exchange's collapse. Instead of sinking into despair, he quickly founded his own fintech project—Architect Financial Technologies.

According to the latest news, Architect has just completed a $35 million Series A funding round, with a valuation of $187 million. The lead investors are MIAX and Tioga Capital, and the prominent participants include Galaxy Ventures, ARK Invest, VanEck, Coinbase Ventures, CMT Digital, and others. It’s worth noting that this is the project's second round of financing—back in February last year, they secured $12 million in their initial round.

The current crypto market remains shrouded in a bear market haze, but Architect has managed to secure tens of millions of dollars in investment against the trend, which is quite rare in the industry. So the question is: what exactly makes this company so unique that so many top-tier investment institutions are betting on it?

It is known that Architect is developing a centralized perpetual contract trading system. The company was founded in January 2023, right during the ongoing FTX crisis. Harrison’s decision to start the business at this time reveals a certain confidence in the market outlook—perhaps recognizing that the future lies in the integration of traditional asset trading rules with the crypto market.