Valuing Digital Tokens in the US: Fair Value, Lock-Ups, and SAFTs
Two of the most credentialed US valuation practitioners walk through applied frameworks for locked tokens, SAFTs, and fair value when market data is unreliable.
Speakers
Henri Arslanian
Co-Founder, Nine Blocks Capital Management
Key Topics
Fair value vs. intrinsic value in digital token valuation
Marketability discounts and DLOM for locked tokens
Using market data from Coinbase & Binance — key challenges
Regulatory & professional guidance update (US perspective)
Leading academics and practitioners shaping the field of digital asset valuation.
Henri Arslanian
Co-Founder Nine Blocks Capital Management
Session 1 · Apr 8
Shermin Voshmgir
Author, "Token Economy" Founder, Token Kitchen
Session 2 · Apr 23Session 3 · May 12
Prof. Dr. h.c. Wolfgang Ballwieser
Emeritus Professor of Accounting LMU Munich
Session 4 · May 27
Prof. Dr. Andre Guettler
Professor of Finance Ulm University
Session 5 · Jun 10Session 8 · Aug 12
Prof. Dr. Philipp Maume
Professor of Law TUM Munich
Session 6 · Jul 9
Alexander Wiedenmann
Research Associate Ulm University
Session 10 · Sep 29
Keith Black, PhD, CFA, CAIA
Managing Director RIA Channel
Session 9 · Sep 1
Dr. Ulrich Moosbrugger
Quantwork CQF · Quant Finance
Session 11 · Oct 28
Mark Zyla
Founder Zyla Valuation Advisors LLC
Session 7 · Jul 16
Antonella Puca
Partner BlueVal Global LLC
Session 7 · Jul 16
Full Programme
All Sessions
Each session is free. Register individually per session via Zoom - 60 minutes, live Q&A included. Your registration also includes free access to our Digital Assets Community on Circle.
Past Sessions
Upcoming Sessions
Session 01Up Next
Market Trends
Latest Global Crypto Trends: What Every Valuation Expert Needs to Know
Built for Everyone in the Digital Asset Space - or Who Will Be
Whether you work in finance, law, blockchain, tax, or regulation - get the structured knowledge base you need.
World-Class Faculty
Professors from LMU, TUM & Ulm alongside leading practitioners from the digital asset industry - bringing together academic rigor and real-world expertise.
Practical Frameworks
From MiCAR compliance and IFRS/US GAAP treatment to emerging valuation methodologies - structured knowledge you can apply immediately after each session.
Live Q&A Included
Each 60-minute session includes dedicated Q&A time with the speaker. Ask your questions directly - no pre-recorded slides, no artificial limits.
Questions
Frequently Asked
Is it really free?
Yes - 100% free. No credit card, no subscription. Simply register via Zoom for the session(s) you want to attend.
Can I register for just one session?
Absolutely. Each session covers a self-contained topic and has its own Zoom registration link. Register for one, several, or all - your choice, no obligation whatsoever.
What happens after I register?
You will receive your Zoom joining link by e-mail. In addition, your registration includes free access to our Digital Assets Community on Circle, where you can connect with speakers and fellow attendees before and after the sessions - you confirm this as part of the Zoom registration. You will receive an invitation by e-mail and can leave the community at any time.
Who is this series designed for?
Anyone working in or around digital assets and blockchain - valuators, auditors, accountants, CFOs, investment managers, blockchain project managers, developers, legal & regulatory professionals, tax advisors, and anyone who wants a structured, expert-led foundation in digital asset valuation, infrastructure, regulation, and accounting.
Will sessions be recorded?
Recordings will be available exclusively to CDAV Members - not for general webinar attendees. All the more reason to attend live and make the most of the Q&A with the speaker.
Session 1 · April 8, 2026
Don't Miss Henri Arslanian on Global Crypto Trends
Wolfgang Kniest, Dieselstraße 2, 63165 Mühlheim am Main
Liability for Content
The contents of this website have been created with the utmost care. However, we cannot guarantee the accuracy, completeness, or timeliness of the content. As a service provider, we are responsible for our own content on these pages in accordance with general law. However, we are not obligated to monitor transmitted or stored third-party information or to investigate circumstances that indicate illegal activity.
Liability for Links
Our website contains links to external third-party websites over whose content we have no influence. The respective provider or operator of the linked pages is always responsible for their content. The linked pages were checked for possible legal violations at the time of linking; no illegal content was apparent at that time. Permanent monitoring of the linked pages is not reasonable without concrete indications of a legal violation.
Copyright
Text, images, graphics, sound, animations, and videos on this website are protected by copyright and other applicable laws. Their commercial use is not permitted without the express consent of EACVA GmbH.
Privacy Policy
webinars-cdav.eacva.com — as at 27 July 2026
1. Controller
The controller responsible for data processing on this website is:
EACVA GmbH, Managing Director: Dipl.-Kfm. Wolfgang Kniest
Dieselstraße 2, 63165 Mühlheim am Main, Germany
Phone: +49 (0)6108 97 444 20
E-mail: info@eacva.de
For data protection matters, please contact: info@eacva.de
Further details can be found in our .
2. Hosting and Server Log Files
This website is hosted by Hetzner Online GmbH, Industriestr. 25, 91710 Gunzenhausen, Germany (data centre: Nuremberg, Germany). When you visit this website, the hosting provider automatically collects and stores information in server log files, which your browser transmits automatically: the type and version of the browser used, the operating system used, the referrer URL, the hostname of the accessing computer, the time of the server inquiry and the IP address. This data is not merged with other data sources.
This data is recorded on the basis of Art. 6(1)(f) GDPR; we have a legitimate interest in the technically error-free presentation and the security of our website. The log files are deleted or anonymised after 7 days. We have concluded a data processing agreement (DPA) with our hosting provider.
3. No Cookies, No Tracking
This website does not use cookies requiring consent and does not use any analysis or tracking services. Only technically necessary processing takes place as described in this Privacy Policy.
4. Webinar Registration via Zoom
This website provides information about our free webinar series. Registration for the individual sessions does not take place on this website, but directly with Zoom Communications, Inc., 55 Almaden Blvd., Suite 600, San Jose, CA 95113, USA ("Zoom"). When you click a registration link, technical data (e.g., your IP address and referrer information) is transmitted to Zoom; data you subsequently enter (name, e-mail address) is processed directly on Zoom's servers.
When you participate in a webinar, Zoom additionally processes meta and connection data (IP address, device information, participation times) as well as — if activated by you — audio and video data and chat content. If sessions are recorded, you will be informed before the recording starts; participation with camera and microphone is voluntary.
Invitation to the CDAV community (Circle): The invitation to our CDAV community on the Circle platform is part of our free webinar offer. During registration, you expressly consent to us using your registration data (name, e-mail address) to send you an invitation to the community; giving this consent is a condition of free participation. For this purpose, we transmit your name and e-mail address to CircleCo, Inc., 228 Park Ave S, PMB 52933, New York, NY 10003, USA ("Circle"). The legal basis is your consent (Art. 6(1)(a) GDPR); data transfers to the USA are based on the standard contractual clauses of the EU Commission. You may withdraw your consent at any time with effect for the future, e.g., by leaving the community or by contacting info@eacva.de. Details: circle.so/eu-privacy.
The processing is based on Art. 6(1)(b) GDPR insofar as registration serves the implementation of a webinar you wish to attend, and otherwise on our legitimate interest in the efficient implementation of online events (Art. 6(1)(f) GDPR). The data transfer to the USA is based on the EU Commission's standard contractual clauses; Zoom is additionally certified under the EU-US Data Privacy Framework (DPF). We have concluded a DPA with Zoom. For details, see Zoom's privacy policy: zoom.com/en/trust/privacy.
5. Contact by E-mail
If you contact us by e-mail (e.g., via info@eacva.de), your request, including all resulting personal data (name, request), will be stored and processed for the purpose of handling your enquiry. These data are processed on the basis of Art. 6(1)(b) GDPR if your enquiry relates to the fulfilment of a contract or pre-contractual measures; in all other cases, on the basis of our legitimate interest in the effective handling of enquiries (Art. 6(1)(f) GDPR). The data will remain with us until you request deletion or the purpose for storage no longer applies; mandatory statutory retention periods remain unaffected.
6. Your Rights
You have the right to receive information free of charge about the origin, recipients and purpose of your stored personal data (Art. 15 GDPR), and the right to demand rectification (Art. 16 GDPR), erasure (Art. 17 GDPR) or restriction of processing (Art. 18 GDPR), as well as the right to data portability (Art. 20 GDPR). If you have given consent to data processing, you may revoke it at any time with effect for the future.
WHERE DATA ARE PROCESSED ON THE BASIS OF ART. 6(1)(E) OR (F) GDPR, YOU HAVE THE RIGHT TO OBJECT TO THE PROCESSING OF YOUR PERSONAL DATA AT ANY TIME ON GROUNDS ARISING FROM YOUR PARTICULAR SITUATION (ART. 21(1) GDPR). WHERE YOUR PERSONAL DATA ARE PROCESSED FOR DIRECT MARKETING PURPOSES, YOU HAVE THE RIGHT TO OBJECT TO SUCH PROCESSING AT ANY TIME (ART. 21(2) GDPR).
In the event of violations of the GDPR, you are entitled to lodge a complaint with a supervisory authority, in particular in the member state of your habitual residence, your place of work or the place of the alleged violation (Art. 77 GDPR). To exercise your rights, please contact info@eacva.de.
7. SSL/TLS Encryption
For security reasons and to protect the transmission of confidential content, this website uses SSL/TLS encryption. You can recognise an encrypted connection by the address line changing from "http://" to "https://" and by the lock icon in your browser.