Overview
- The Series A was led by Miami International Holdings and Tioga Capital, with participation from Galaxy Ventures, ARK Invest, VanEck, Trumid, Geneva Trading, and renewed support from earlier backers such as Coinbase Ventures.
- AX launched last month and offers perpetual futures tied to foreign exchange, interest rates, single stocks, stock indexes, metals, and other commodities for institutional clients in eligible jurisdictions.
- AX is operated by Architect Bermuda Ltd. under the Bermuda Monetary Authority, reflecting a compliance-first structure distinct from Architect’s U.S.-registered subsidiaries.
- Architect maintains Architect Securities LLC (FINRA-registered) and Architect Financial Derivatives LLC (NFA-registered) to support regulated brokerage workflows.
- The company says the capital will help scale AX, broaden products and services, and support planned regional expansion into Europe and the Asia-Pacific, while some reports cite an unconfirmed valuation near $187 million.