Key facts
- Chris Larsen, co-founder of Ripple, invested in American Perpetuals Exchange Corp. (APEC).
- APEC is a new crypto derivatives platform.
- Theodore Gillibrand, son of Senator Kirsten Gillibrand, founded APEC.
- APEC raised $30 million in an early-stage VC round.
- Chris Larsen was an angel investor in APEC.
Chris Larsen, a co-founder of Ripple, has made an investment in American Perpetuals Exchange Corp. (APEC), a newly established cryptocurrency derivatives platform. APEC was founded by Theodore Gillibrand, who is the son of U.S. Senator Kirsten Gillibrand. The startup has secured $30 million in an early-stage venture capital funding round. Larsen was among the angel investors who contributed to this funding. The platform aims to offer crypto perpetual futures, a type of derivative contract that does not have an expiration date. This investment signifies continued interest from established figures in the cryptocurrency space in new ventures focused on digital asset derivatives.