Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand, has successfully raised $30 million to establish the American Perpetuals Exchange Corp. (APEC), a new derivatives trading platform. The funding round values the company at approximately $300 million. APEC plans to apply for a license from the U.S. Commodity Futures Trading Commission (CFTC) and will focus on listing perpetual futures on equities and equity indices, rather than cryptocurrency contracts.