Overview
- AX opens to institutional participants such as hedge funds and market makers, with a waitlist available for individual traders.
- Architect says all contracts are centrally cleared on an anonymous order book with portfolio margining across asset classes.
- The platform integrates a low‑latency matching engine from Connamara Technologies and offers APIs, a web interface, and SDKs.
- Architect is in a Series A raise with $17 million secured from investors including Coinbase Ventures, Circle Ventures, and the SALT Fund.
- Coverage notes open questions around attracting liquidity, validating risk controls at scale, and the pathway to U.S. market access.