The Architect program founded by the former FTX US president launches perpetual futures linked to GPU and memory pricing

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 AX, aimed at institutional users, is set to introduce perpetual futures designed to track the daily rental prices of GPUs used for training and inference of artificial intelligence models, as well as dynamic random-access memory (RAM) pricing, and is currently awaiting regulatory approval. It is reported that these contracts are being developed in collaboration with computing index provider Ornn Data, which provides 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.