#Quinn Emanuel #Apertum #DAO1

Apertum Holding Engages Quinn Emanuel to Contest BaFin's Warning on DAO1 Platform

Apertum Holding Ltd., a digital asset technology developer, has taken a significant step by hiring the renowned law firm Quinn Emanuel Urquhart & Sullivan, LLP to challenge a caution issued by BaFin (the German Federal Financial Supervisory Authority). This warning pertains to the operation of Apertum's DAO1 decentralized platform, which BaFin alleges is conducting activities without the appropriate authorization under the Regulation (EU) 2023/1114 concerning markets in crypto-assets (MiCAR).

The Context Behind the Warning

BaFin's warning raises critical concerns over the compliance of DAO1 with regulatory frameworks governing crypto-assets. The regulator's stance is based on its interpretation of the recent MiCAR regulations, which aim to establish a comprehensive legal framework for digital assets across Europe. Apertum Holding firmly disputes the basis of BaFin's claims, asserting that they are committed to operating within the law and have taken the necessary steps to ensure compliance with relevant regulations.

Quinn Emanuel, recognized globally for its prowess in business litigation, will engage directly with BaFin to clarify the scope and application of the authorization requirements under MiCAR. The firm has a stellar track record in such legal disputes, having successfully challenged a cease-and-desist order issued against Apertum by the Texas State Securities Board earlier this year. This victory underscores the firm's capabilities in navigating complex regulatory challenges in the crypto space.

About Quinn Emanuel

Quinn Emanuel is the largest law firm worldwide dedicated exclusively to business litigation, with over 1,200 attorneys and an extensive network of 34 offices across the globe. The firm is consistently recognized in various surveys as one of the “most feared” law firms, a title it has earned five times in the last six years. The firm’s lawyers have a remarkable track record, having won 86% of over 2,500 cases tried. Those who choose Quinn Emanuel as their representation can often expect better settlements or defense verdicts, given the firm’s extensive trial experience.

Furthermore, Quinn Emanuel has adeptly secured nearly $80 billion in judgments and settlements while consistently obtaining significant jury verdicts and settlements in the range of nine to ten figures. The accolades and recognitions garnered by the firm, such as being named the No. 1