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The trading platform founded by the former FTX US president plans to launch perpetual contracts linked to GPU and memory prices.
On January 21, according to The Block, Architect Financial Technologies, founded by former FTX US President Brett Harrison, plans to launch perpetual futures contracts linked to GPU and memory pricing. The announcement states that the company’s trading platform for institutional users, AX, will soon introduce perpetual futures aimed at tracking the daily rental prices of GPUs used for artificial intelligence model training and inference, as well as dynamic random-access memory (RAM) pricing, which is currently awaiting regulatory approval. It is reported that these contracts are developed in collaboration with computing index provider Ornn Data, which offers benchmarks based on real-time GPU trading data. In December last year, Architect Financial Technologies completed a $35 million funding round, with a valuation of approximately $187 million.