Anthony Scaramucci Brett Harrison Sam Bankman-Fried Usa city Venture business Funding Venture Capital FTX Anthony Scaramucci Brett Harrison Sam Bankman-Fried Usa city Venture

Former FTX US president raises $5M for new crypto software firm

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The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg.

Brett Harrison, who served as president of FTX US between May 2021 and September 2022, has received backing from Coinbase Ventures and Circle Ventures to launch a new software startup.

SALT Fund, Motivate VC, P2P Validator, Third Kind Venture Capital, Shari Glazer of Kalos Labs and Anthony Scaramucci also participated in the seed round.

His new startup, dubbed Architect, will develop trading software for large institutions looking to access crypto markets. He told Bloomberg that he hopes Architect “will allow people to get their confidence back in trading in this industry.”Harrison departed FTX US months before the company collapsed under the shoddy guidance of Sam Bankman-Fried, who headed the global FTX cryptocurrency exchange and several other companies under its purview.

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