Digital asset technology developer Apertum Holding Ltd. has retained Quinn Emanuel Urquhart & Sullivan, LLP to challenge a warning issued by the German Federal Financial Supervisory Authority (BaFin) concerning Apertum's DAO1 decentralized platform.

BaFin's warning alleges that DAO1 is operating without proper authorization under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCAR). Apertum/DAO1's position is that no basis exists for the warning. On behalf of the company, Quinn Emanuel is engaging with BaFin regarding the scope of the authorization requirement under MiCAR. Apertum is committed to defending its position, securing its interests, and providing transformative technology to users in compliance with applicable laws in the jurisdictions where it operates.

In July, Quinn Emanuel successfully challenged a cease-and-desist order issued to Apertum by the Texas State Securities Board, resulting in the dismissal of that case.

Quinn Emanuel is a 1200+ lawyer business litigation firm—the largest in the world devoted solely to business litigation and arbitration with 34 global office locations. Surveys of major companies around the world have named it the "most feared" law firm in the world five times in six years. Firm lawyers have tried over 2,500 cases, winning 86% of them. When representing defendants, Quinn Emanuel's trial experience gets better settlements or defense verdicts. When representing plaintiffs, Quinn Emanuel lawyers have won nearly $80 billion in judgments and settlements. Quinn Emanuel has also obtained eight nine-figure jury verdicts, four 10-figure jury verdicts, 51 nine-figure settlements, and 20 10-figure settlements.