Architect, the startup behind the newly launched AX exchange, has raised $35 million to expand the platform’s operations. The investment round was led by Miami International Holdings and Tioga Capital, with participation from financial firms including Coinbase Ventures, Galaxy Ventures, and ARK Invest.
The AX exchange, developed by the Chicago-based Architect, operates under an official license in the Bermuda Islands. The platform allows large funds and professional financial institutions to trade currencies, stocks, indices, and various metals through perpetual futures contracts. To date, the startup has raised over $50 million across its funding rounds.
Currently, AX services are available only to professional investors, while individual traders can join a waiting list. The startup enables trading with both traditional currencies and stablecoins, bridging the gap between classic financial markets and the digital asset world. Experts note that the platform’s future success will largely depend on the trust of major financial institutions in its regulatory compliance and technical infrastructure.
