Jakarta, Pintu News – Apertum Foundation and their senior counsel, Josip Heit, recently achieved a significant victory in a legal case filed by the Texas State Securities Board (TSSB).
The TSSB has retracted claims that Apertum tokens and the DAO1 decentralized finance (DeFi) platform are unregistered securities. Both entities are now recognized as not being investment contracts under US law.
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The legal proceedings, which lasted for several months, put Apertum Foundation in a fierce battle against the charges filed.
With the support of law firm Quinn Emanuel Urquhart & Sullivan, LLP, Apertum successfully proved that the allegations were unfounded. On July 31, 2025, the TSSB officially withdrew the case and lifted the emergency restrictions that had hampered Apertum’s operations in Texas.
Court documents indicate that the findings of fact are sufficient to vacate the Emergency Order against all Respondents pursuant to Section 4007.104(e) of the Securities Act. The securities commissioner, Travis J. Iles, signed the final order declaring the lifting of the Emergency Cease and Desist Order (ENF-25-CDO-1889).
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Apertum operates a Layer-1 blockchain built on the Avalanche ecosystem, having a main blockchain supporting other projects. Their native token, $APTM, is traded on major crypto exchanges such as MEXC, BitMart, P2B, and LBank, giving access to over 80 million active traders worldwide. Apertum is also integrated with CoinMarketCap, which has over 340 million monthly visitors.
The network has more than 55,000 active blockchain users and has “burned” more than $3.5 million in tokens, permanently removing them from circulation to reduce supply. In addition, they have distributed around $25 million of $APTM tokens through their DeFi platform. In July 2025 alone, the price of $APTM rose by more than 140%, partly driven by the news of this legal victory.
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Josip Heit expressed his satisfaction with this decision, emphasizing that Apertum Foundation has provided a safe and regulation-compliant platform since day one.
Heit also thanked the community for their strong support during these difficult times. This victory not only proves the correctness of Apertum’s position, but also strengthens the community and investors’ confidence in the platform.
Avi Perry, co-head of the Securities Litigation Group at Quinn Emanuel, added that the case should never have been filed. Perry is relieved that the unsubstantiated allegations have been withdrawn, and is thrilled for the client who has successfully navigated through this legal challenge. Now, Apertum can fully focus on developing their DeFi platform and expanding adoption of their technology without the burden of an emergency ban.
With the end of this legal case, Apertum Foundation can now shift focus entirely on the development and expansion of their blockchain technology. This victory not only brings relief but also opens up new opportunities for innovation and growth in the crypto and blockchain industry.
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