U.S. Senator Gillibrand's son founded the perpetual futures exchange APEC, raising $30 million in funding

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U.S. Senator Kirsten Gillibrand's son Theodore Gillibrand founded the derivatives trading platform APEC (American Perpetuals Exchange Corporation), which completed a $30 million funding round, with a post-investment valuation of approximately $300 million. This round was led by Lux Capital. According to documents filed with the SEC, APEC plans to apply for a license from the CFTC to launch stock and stock index perpetual futures products, rather than cryptocurrency perpetual contracts. Theodore Gillibrand previously worked as a researcher at Paradigm and interned at Andreessen Horowitz. (Fortune)
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GateUser-f7b40cee
· 4h ago
Second-generation entrepreneurship comes with its own resources, but choosing stock and futures rather than crypto perpetuals is slightly against the prevailing consensus.
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BridgeBurned
· 4h ago
Lux Capital leads the investment, indicating that traditional capital is genuinely optimistic about the compliant derivatives track; avoiding crypto might be even more stable.
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DegenLibrarian
· 4h ago
Andreessen Horowitz internship experience + Paradigm background, team setup is fully staffed, now it’s all about product implementation.
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YieldKaraoke
· 4h ago
If you obtain the CFTC license, a valuation of 300 million is really not expensive.
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