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Senator Gillibrand's son raises $30M for US-based perpetuals exchange

By PulseAugur Editorial · [1 sources] ·

Theodore Gillibrand, son of Senator Kirsten Gillibrand, has secured $30 million in funding led by Lux Capital for his new venture, American Perpetuals Exchange Corporation (APEC). APEC aims to launch a regulated derivatives exchange in the U.S. that will focus on perpetual futures for equities and stock indices, rather than cryptocurrencies. This move follows the growing popularity of perpetual futures in both the crypto and traditional finance markets, and APEC plans to seek licensing from the Commodity Futures Trading Commission. AI

RANK_REASON Significant funding round for a new financial exchange focused on derivatives, with notable family ties and regulatory implications. [lever_c_demoted from significant: ic=1 ai=0.1]

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Senator Gillibrand's son raises $30M for US-based perpetuals exchange

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Significant funding round for a new financial exchange focused on derivatives, with notable family ties and regulatory implications. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Ben Weiss ·

    Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange

    Lux Capital led the investment, which values the Stanford graduate’s exchange at $300 million.

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