In a significant move for the cryptocurrency and AI sectors, Architect Financial Technologies, led by former FTX US president Brett Harrison, is preparing to introduce perpetual futures contracts linked to GPU and memory pricing. According to the official information, this innovative approach aims to capitalize on the growing demand for AI resources.
Introduction of New Contracts
The upcoming contracts will be available on Architect's institutional trading platform, AX, and will be tied to the daily rental rates of GPUs essential for AI model training and inference, as well as the dynamically priced Random Access Memory (RAM). The launch of these contracts is currently awaiting regulatory approval, highlighting the firm's commitment to compliance in a rapidly evolving market.
Collaboration with Ornn Data
In collaboration with Ornn Data, a provider of computing indices, Architect Financial Technologies has developed these contracts based on real-time GPU transaction data. This partnership aims to ensure that the contracts reflect accurate market conditions, providing traders with reliable instruments for hedging and speculation.
Recent Funding Success
Last December, Architect Financial Technologies successfully raised $35 million in a funding round, bringing the company's valuation to approximately $1.87 billion. This financial backing underscores investor confidence in the firm's innovative approach to integrating traditional finance with the burgeoning AI and cryptocurrency landscapes.
Recently, Perpetuals.com launched its trading operations on Nasdaq, marking a significant advancement in the derivatives trading landscape. This development contrasts with Architect Financial Technologies' upcoming perpetual futures contracts linked to AI resources. For more details, see Perpetuals.com launch.
