Cryptocurrency has become a vital part of the financial industry, and more and more startups are emerging to capitalize on its technology. One of the latest entrants is a little-known startup called Architect, which has attracted a major financial backer in the likes of Coinbase, the leading cryptocurrency trading firm.
Former FTX US president Trond Lahti has launched the company, which is focused on infrastructure solutions for digital asset trading. He’s been backed by some big names, including Coinbase Ventures, ConsenSys Ventures, and other major investors.
The aim of the project is to develop a next-generation infrastructure that facilitates frictionless digital asset trading. The solutions will support existing crypto exchanges, making trading more efficient and secure. It also seeks to reduce counterparty risk and improve performance for institutions, exchanges and other users of the crypto markets.
The platform has already attracted some impressive names from across the crypto industry, including crypto veterans from Coinbase, Circle and other industry leaders. Architect’s team includes former team members from the likes of CME Group and John McAfee’s investment firm MGT Capital.
The project is still in its early stages, but it has some exciting prospects. It seeks to develop an infrastructure for secure and frictionless digital asset transactions, which could have a broad impact on the industry.
Highlighting the level of interest in the project, Coinbase and others have backed Lahti’s project. The company has also secured a strategic investment from DX Exchange, a Europe-based digital asset exchange.
Architect is still in its infancy, but it’s certainly an ambitious project. With the right team and backing, it could revolutionize the crypto industry. Only time will tell if the project is successful, but it’s certainly an interesting development to watch.
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