Brett Harrison Raises $5 Million for DeFi Company Aimed at Institutions

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Former FTX.US president Brett Harrison has raised $5 million from investors including Coinbase Ventures and Circle Ventures to build out his latest venture: Architect.

The new firm—which Harrison has been developing in stealth since he left FTX in September—will provide software trading tools in the decentralized finance space for large investors and institutions, according to Bloomberg News.

Other investors in the round include Anthony Scaramucci, who previously invested in Harrison's former employer, FTX. SV Angel, Third King Venture Capital and Motivate Venture Capital are also backers of the new firm.

(By Frank Chaparro)

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