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Former FTX Executive Announces GPU Rental Derivatives Pending Regulatory Approval

Former FTX Executive Announces GPU Rental Derivatives Pending Regulatory Approval

Architect Financial Technologies, the derivatives platform founded by former FTX US president Brett Harrison, announced plans to introduce perpetual futures contracts linked to GPU rental and memory pricing, though the products require regulatory approval before launching.

The firm disclosed it will "imminently" add contracts tracking daily data center compute costs to its AX exchange, which currently offers perpetual futures on traditional assets like equities and foreign exchange for non-U.S. institutional clients.

Architect described the planned products as the financial industry's first exchange-traded futures based on compute infrastructure pricing, partnering with index provider Ornn Data to source benchmarks from GPU transaction data.

Unverified Implementation Timeline

Harrison provided no specific launch date or regulatory approval timeline, using language typical of pre-launch announcements that often precede extended development and review periods.

The contracts would allow AI companies, data center operators, and hardware vendors to hedge volatility in compute infrastructure costs through perpetual futures - non-expiring derivatives popularized in cryptocurrency markets.

Positions would accept both U.S. dollars and dollar-denominated stablecoins as collateral, though Architect operates exclusively outside U.S. jurisdiction through its Bermuda-regulated subsidiary.

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Business Model Expansion

The compute futures announcement extends Architect's strategy of adapting crypto derivatives mechanics to traditional asset classes, following its October 2024 launch of perpetual contracts on stocks and currencies.

Harrison raised $35 million in Series A funding in December 2025 led by Miami International Holdings and Tioga Capital, valuing the company at $187 million, according to a person familiar with the matter.

Architect's investor base includes Coinbase Ventures, Circle Ventures, and Anthony Scaramucci's SALT Fund, reflecting institutional interest in whether crypto market structures can function under regulated frameworks for macro assets.

FTX Background Context

Harrison served as FTX US president for approximately 17 months before stepping down in September 2022, weeks before the exchange's collapse.

He has positioned Architect as applying capital efficiency principles from crypto derivatives to global finance, though the platform does not list cryptocurrency-linked products.

Architect previously raised $5 million in pre-seed funding in 2023 and $12 million in seed funding in 2024.

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Disclaimer and Risk Warning: The information provided in this article is for educational and informational purposes only and is based on the author's opinion. It does not constitute financial, investment, legal, or tax advice. Cryptocurrency assets are highly volatile and subject to high risk, including the risk of losing all or a substantial amount of your investment. Trading or holding crypto assets may not be suitable for all investors. The views expressed in this article are solely those of the author(s) and do not represent the official policy or position of Yellow, its founders, or its executives. Always conduct your own thorough research (D.Y.O.R.) and consult a licensed financial professional before making any investment decision.
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Former FTX Executive Announces GPU Rental Derivatives Pending Regulatory Approval | Yellow.com