State of Hesse’s Realization of Crypto Assets

State of Hesse's Realization of Crypto Assets

YPOG advised the State of Hesse on the deal.

The Federal State of Hesse completed the liquidation of crypto assets with a market value of exceeding € 100 million. 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.

The YPOG team included Daniel Resas (Picture – Co-Lead, Transactions), Associated Partner; Dr. Niklas Ulrich (Co-Lead, Regulatory), Associate; Dr. Jörn Wöbke (Transactions), Partner.

Involved fees earner: Daniel Resas – YPOG; Niklas Ulrich – YPOG; Jörn Wöbke – YPOG;

Law Firms: YPOG;

Clients: Land Hessen;

Federica Tiefenthaler

Author: Federica Tiefenthaler