The Texas Securities Board (TSSB) has officially abandoned its claims that the Apertum Foundation's token and its DAO1 platform are securities. This decision marks a significant milestone for the entire blockchain industry.
Abandonment of Claims
On July 31, 2025, TSSB formally dismissed its case against the Apertum Foundation and its senior advisor, Josip Heit. This dismissal confirms that neither the Apertum token nor the DAO1 platform constitutes an investment contract under applicable securities laws.
Significance for the Industry
Industry experts view this decision as a significant breakthrough, unlocking new opportunities for innovation and technological freedom within the blockchain sector. This is one of the largest wins under the U.S. law's evolving crypto-friendly framework established during the Donald Trump era.
Expert Comments
Josip Heit, senior advisor to the Apertum Foundation, stated: "From Day One, the Apertum Foundation has offered a compliant, safe platform and cutting-edge technology. We promised to defend ourselves aggressively against the Texas Securities Board’s mistaken allegations, and we have now been vindicated. This dismissal confirms we did nothing wrong." Avi Perry, co-chair of the Securities Litigation Group at Quinn Emanuel Urquhart & Sullivan, LLP, commented: "This dismissal is a big win for the Apertum Foundation and Mr. Heit. This case should never have been brought, and we fought hard to reach the right result."
The TSSB's abandonment of claims against Apertum Foundation marks a vital step in the development of legal frameworks for the crypto industry in the U.S. and may lead to further growth in technologies within this space.
