Architect Financial Technologies is planning to launch a perpetual futures contract pegged to GPU and memory pricing

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 stated that the company's trading platform for institutional clients, AX, is set to launch perpetual futures contracts designed to track the daily rental price of GPUs used for AI 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 computing index provider Ornn Data, which offers benchmarks based on real-time GPU transaction data.

In December last year, Architect Financial Technologies completed a $35 million financing round, valuing the company at around $1.87 billion.