Unchained
Unchained
Laura Shin
Will Perps Eat All of Finance? Ex-FTX.US CEO Brett Harrison Bets Yes - Ep. 940
34 minutes Posted Nov 5, 2025 at 11:00 pm.
Introduction
What problems Architect is trying to solve
The two licenses Architect holds — with the SEC and CFTC
The key difference between CFDs and perpetual futures
Who Architect’s products are designed for
What crypto learned the hard way from the Oct. 10 liquidation event
Why reputable benchmarks are critical for pricing assets
How leverage actually works in these new exchanges
How Architect’s insurance fund is built
Whether prediction markets will ever offer leverage
Why Architect includes interest rate swaps
How tokenization could affect the derivatives trading space
How Architect plans to attract users and market makers
What Brett is most excited about next
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Show notes
Crypto’s most controversial trading product might be Wall Street’s next obsession.
In this interview, Brett Harrison, former president of FTX.US and founder of Architect Financial Technologies, joins to explain how he’s aiming to take perpetual futures — crypto’s 24/7 leveraged trading engine — to traditional markets like stocks, commodities, and FX.
Will this be the next big shift in global finance?
Thank you to our sponsors!
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Guest:
Brett Harrison, Founder & CEO of Architect Financial Technologies 
Links:
The Defiant: Former FTX US President Brett Harrison to Launch Perpetuals Exchange
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