U.S. Senator Gillibrand's son raises $30 million to launch the U.S. perpetual futures trading platform APEC

According to Fortune, Theodore Gillibrand, the son of New York Senator Kirsten Gillibrand, has completed a $30 million financing round, with the company valued at approximately $300 million. They plan to launch a derivatives trading platform named American Perpetuals Exchange Corp. (APEC). The platform intends to apply for a license from the U.S. Commodity Futures Trading Commission and aims to list perpetual futures for stocks and stock indices, rather than perpetual contracts for cryptocurrencies.