American Perpetuals Raises $30 Million to Build Single-Name Equity Perps Venue

Theodore Gillibrand has raised $30 million for American Perpetuals Exchange Corporation, a new perpetuals trading venue, with Lux Capital leading the round at an estimated $300 million valuation. According to NS3.AI, the startup plans to pursue derivatives clearing merchant (DCM) and derivatives clearing organization (DCO) licenses to offer single-name equity perpetuals. The company aims to operate under joint oversight by the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission.