Apertum Foundation announced its victory in a lawsuit against the Texas State Securities Board, confirming that their tokens and DeFi platform are not securities.
General Dismissal of the Case
The Texas State Securities Board (TSSB) has officially abandoned its claims against the Apertum Foundation's token and DAO1 platform. On July 31, 2025, TSSB formally dismissed the case. This confirms that neither the Apertum token nor the DAO1 platform constitutes an investment contract under applicable securities laws.
Significance for the Blockchain Industry
This landmark decision was a significant victory for the entire blockchain industry, signaling progress in establishing a crypto-friendly regulatory environment in the U.S. Industry experts view it as a breakthrough that opens new avenues for innovation and technological freedom.
Comments from Participants
Josip Heit, senior advisor to the Apertum Foundation, commented: "From Day One, the Apertum Foundation has offered a compliant, safe platform and cutting-edge technology. We have now been vindicated, and this dismissal confirms we did nothing wrong." Avi Perry, co-Chair of the Securities Litigation Group at Quinn Emanuel Urquhart & Sullivan, LLP, stated: "This dismissal is a big win for the Apertum Foundation and Mr. Heit. We are thrilled for our clients that the meritless allegations have been fully withdrawn."
The victory of Apertum Foundation against TSSB highlights the importance of the legitimacy of crypto platforms and tokens in a changing regulatory landscape, opening new horizons for the development of blockchain technologies.
