#USA #Texas #Josip Heit #Apertum Foundation #Texas Securities

Apertum Foundation and Josip Heit Achieve Legal Triumph

The Apertum Foundation, a prominent developer in the digital asset space, alongside its senior advisor Josip Heit, has successfully concluded a major legal battle against the Texas State Securities Board. The court ruled in favor of Apertum Foundation, dismissing all claims made against the organization and Mr. Heit.

This landmark case centered around accusations that the Apertum token, a cryptocurrency developed by the Foundation, constituted an unregistered security. In April 2025, the Texas Securities Board had issued a cease and desist order, prompting the Apertum team to take vigorous legal action against what they deemed an overreach of jurisdiction. Under the representation of the prestigious law firm Quinn Emanuel Urquhart & Sullivan, LLP, the Foundation argued that neither the token nor its decentralized finance platform (DeFi) operates as a security under both federal laws and Texas state securities regulations.

Avi Perry, co-chair of the securities litigation group at Quinn Emanuel, commented on the case, expressing satisfaction with the ruling. “This dismissal represents a significant victory for the Apertum Foundation and Mr. Heit. This case should not have been initiated in the first place, and we fought tirelessly to achieve a just outcome. The allegations were unfounded, and we are grateful to the Securities Board for recognizing their mistake,” said Perry.

Josip Heit, who has been at the forefront of Apertum Foundation's mission to provide a secure and compliant platform, expressed gratitude for the decision. “From day one, we have committed to offering a compatible and secure platform with advanced technologies. We promised to defend ourselves vigorously against the erroneous allegations made by the Texas Securities Board, and now we are vindicated. This ruling confirms that we have done nothing wrong, and we will continue delivering innovative technologies to our users while ensuring compliance with applicable laws in all jurisdictions we operate,” he stated.

Quinn Emanuel is widely recognized as one of the leading law firms globally, specializing exclusively in commercial litigation and arbitration. With agents in 34 offices worldwide and a remarkable track record of handling over 2,500 cases, the firm is distinguished for its high win rate of 86% across litigations. Such success has not only established the firm as a powerful player in the legal domain but has also allowed it to represent clients in securing approximately $80 billion through settlements and judicial verdicts.

Furthermore, the firm has garnered numerous accolades, being identified as one of the most formidable law firms in litigation. In various surveys and publications, it has consistently been portrayed as a go-to firm for complex legal battles, particularly in commercial litigation and intellectual property rights.

The impact of Apertum Foundation's victory can resonate far beyond its immediate legal implications by potentially setting a precedent for other blockchain and cryptocurrency projects facing regulatory scrutiny. As the landscape of digital assets continues to evolve, this ruling may embolden similar organizations to challenge unwarranted regulatory pressures and foster a more equitable environment for innovation in the digital economy.

In light of this significant legal victory, Apertum Foundation plans to continue its trajectory of growth while reinforcing its commitment to full compliance, security, and user trust. This case not only clears the Foundation of allegations but also enables it to pave the way for further advancements in the realm of decentralized finance and blockchain technology.