Theodore Gillibrand, who just graduated from Stanford University this week, has secured $30 million in funding for his new financial trading startup, American Perpetuals Exchange Corporation (APEC), which is already valued at $300 million.

The venture capital firm Lux Capital led the investment round. APEC plans to offer perpetual futures contracts tied to U.S. equities and stock indexes. The company has not yet launched its trading platform and still needs regulatory approval from the Commodity Futures Trading Commission.

Theodore’s mother, Sen. Kirsten Gillibrand (D-NY), has been one of the leading Democratic voices pushing cryptocurrency and digital asset legislation in Congress. She partnered with Sen. Cynthia Lummis on major crypto bills and played a key role in advancing the GENIUS Act for stablecoin regulation. When asked about her son’s impressive fundraising, Sen. Gillibrand stated: “My son is a grown adult starting his own independent business. I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”

Of course, that was the answer.

Theodore previously worked as a fellow at the crypto-focused venture firm Paradigm and interned at Andreessen Horowitz. In a statement, he said: “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.”

Quite the debut for a fresh college graduate.