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]
- American Perpetuals Exchange Corporation
- Donald Trump
- Hyperliquid
- Kalshi
- Kirsten Gillibrand
- Lux Capital
- Michael S. Selig
- Theodore Gillibrand
- United States Commodity Futures Trading Commission
- United States Securities and Exchange Commission
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