Will Perps Eat All of Finance? Ex-FTX.US CEO Brett Harrison Bets Yes - Ep. 940

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 5 November 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! Mantle Guest: Brett Harrison, Founder & CEO of Architect Financial Technologies Links: The Defiant: Former FTX US President Brett Harrison to Launch Perpetuals Exchange Timestamps: 💡 0:00 Introduction 🏗️ 1:43 What problems Architect is trying to solve 📜 4:27 The two licenses Architect holds — with the SEC and CFTC ⚖️ 6:18 The key difference between CFDs and perpetual futures 🌐 8:15 Who Architect’s products are designed for 💥10:02 What crypto learned the hard way from the Oct. 10 liquidation event 📊 15:25 Why reputable benchmarks are critical for pricing assets 💰 18:02 How leverage actually works in these new exchanges 🛡️ 22:03 How Architect’s insurance fund is built 🎯 22:46 Whether prediction markets will ever offer leverage 💵 24:35 Why Architect includes interest rate swaps 🔗 25:27 How tokenization could affect the derivatives trading space 🚀 28:50 How Architect plans to attract users and market makers 🔥 31:50 What Brett is most excited about next Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm particularly excited about rolling out the full array of asset classes on our exchange.
0:06.0	To me, the really interesting capital efficiencies come in when a single customer can build a portfolio out of perps across multiple asset classes,
0:16.0	you know, energy products, metals, stocks, stock indexes, currencies, and build a long, short portfolio
0:23.4	that's cross-margin all within the same system.
0:26.9	Hey, everyone.
0:28.0	I'm executive editor, Steve Erlich, and I'm really excited to have with me today, Brett Harrison.
0:34.1	Brett is the former CEO of FCXUS, but we are most excited to talk to him today
0:39.9	about his new venture architect and some of the really exciting rollouts that he's announced,
0:46.5	I think, last week and sort of the future of what he's building dovetails very nicely
0:52.0	with some of the big trends and themes that we've been seeing
0:55.9	over the last month or so, especially in crypto.
0:59.0	Mantle is pioneering blockchain for banking, a revolutionary new category at the intersection
1:04.8	of TradFi and Web 3. Follow Mantle underscore official to learn more. Quick pause.
1:11.6	If you're deep in crypto, but TradFi and Macro is a different language, or you're in TradFi and Crypto feels like chaos, we get it.
1:18.6	That's why we created Bits and Bips, a podcast that bridges those two worlds.
1:23.6	No jargon, no gaykeeping. Just smart, clear breakdowns of how these systems actually connect.
1:30.3	So you stop feeling lost when one side starts speaking their language.
1:34.3	If this sounds like something you need, check out bits and bibs.
1:37.3	You'll find the link right in the description. Just scroll down.
1:41.3	So Brett, welcome.
1:42.3	Yeah, thanks so much for having me on. Good to see you.
1:45.0	Yeah.
	...

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