TechFlow News, June 19: According to a Fortune report, Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand of New York State, has secured $30 million in funding, valuing his company at approximately $300 million. The company plans to launch a derivatives trading platform named American Perpetuals Exchange Corp. (APEC). APEC intends to apply for a license from the U.S. Commodity Futures Trading Commission (CFTC) and will list perpetual futures on equities and equity indices—not cryptocurrency perpetual contracts.
The report notes that perpetual futures, which gained traction in digital asset markets in recent years, are now gradually entering regulated U.S. markets.
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