Berlin – A YPOG team led by Daniel Resas and Niklas Ulrich advised the Federal State of Hesse on the liquidation of crypto assets with a market value of exceeding € 100 million. YPOG primarily assisted the responsible Attorney General's Office in Frankfurt am Main in negotiating and concluding a corresponding umbrella agreement with Bankhaus Scheich Wertpapierspezialist AG. Bankhaus Scheich Wertpapierspezialist AG acts as market maker in the context of such liquidation by way of a market sale. The umbrella agreement is intended to establishe a long-term partnership and thus also serves as a basis for future realizations of confiscated crypto assets by the State of Hesse.
“In any case, this is the first time that such a high-volume liquidation of confiscated crypto assets has occurred in Germany. This has posed major challenges for all participants, and not just in terms of selling them off. Above all, we had to break practically new ground in dealing with the requirements of money laundering law for the trading participants involved. I am certain that we have created a new market standard for the liquidation of government-seized crypto assets," says YPOG partner Daniel Resas.
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YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
