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The trading platform, founded by the former FTX US President, plans to launch perpetual contracts pegged to GPU and memory prices
BlockBeats News, January 21st, according to The Block, Architect Financial Technologies, founded by former FTX US President Brett Harrison, plans to launch perpetual futures contracts pegged to GPU and memory pricing.
The announcement states that the company's trading platform for institutional clients, AX, is set to launch perpetual futures contracts designed to track daily rental prices for GPUs used in artificial intelligence model training and inference, as well as dynamically priced Random Access Memory (RAM), pending regulatory approval. These contracts are reportedly developed in partnership with the compute index provider Ornn Data, which offers benchmarks based on real-time GPU transaction data.
In December of last year, Architect Financial Technologies completed a $35 million funding round, valuing the company at around $1.87 billion.
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