American Perpetuals Exchange
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Investors
Founders
About
American Perpetuals Exchange Corporation (APEC) is a U.S.-based derivatives trading platform building a regulated venue for perpetual futures on equities and stock indices – not cryptocurrencies 12. The company plans to apply for licensing from the U.S. Commodity Futures Trading Commission (CFTC) and is pursuing a dual CFTC/SEC oversight model 23. Founder and CEO Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand, graduated from Stanford University in June 2026; he previously was a fellow at Paradigm and an intern at Andreessen Horowitz 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-18 | Seed | $30M | Lux Capital | – 12 |
The round valued APEC at $300 million 1.
What Investors Say
A Lux Capital spokesperson confirmed the firm led the financing round in a statement to Fortune 1.
What Founders Say
“It is clear that the future of these markets is not in offshore and unregulated foreign entities but rather in a regulated and institutional American company.” – Theodore Gillibrand, Founder & CEO, quoted in Fortune, June 18, 2026 1
Sources
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Fortune, “Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange,” June 18, 2026. Accessed June 2026. https://fortune.com/2026/06/18/theodore-gillibrand-senator-kirstin-gillibrand-apec-american-perpetuals-exchange-corporation-lux-capital/↩↩↩↩↩↩
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The Block, “Sen. Gillibrand’s son is building a perps exchange that wants dual CFTC, SEC oversight: report,” June 2026. Accessed June 2026. https://www.theblock.co/post/405334/sen-gillibrand-son-building-perps-exchange-dual-cftc-sec-oversight↩↩↩
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KuCoin News, “American Perpetuals Exchange Completes $30M Funding Led by Lux Capital,” June 19, 2026. Accessed June 2026. https://www.kucoin.com/news/flash/american-perpetuals-exchange-completes-30m-funding-led-by-lux-capital↩