A former president of FTX US has reportedly raised $35 million for a new exchange focused on traditional assets. According to reports, the platform, named AX, will enable institutional investors to trade perpetual derivatives linked to assets like equities and foreign exchange. The development aims to provide a venue for trading non-expiring derivatives on traditional financial instruments. This initiative reflects a growing interest in bridging traditional finance with digital asset trading infrastructure.

A former president of FTX US has reportedly raised $35 million for a new exchange focused on traditional assets. According to reports, the platform, named AX, will enable institutional investors to trade perpetual derivatives linked to assets like equities and foreign exchange. The development aims to provide a venue for trading non-expiring derivatives on traditional financial instruments. This initiative reflects a growing interest in bridging traditional finance with digital asset trading infrastructure.