BC seizes millions in gold, cash, and jewelry linked to QuadrigaCX co-founder

Source: CriptoTendencia Original Title: BC seizes millions in gold, cash, and jewelry linked to QuadrigaCX co-founder Original Link: The province of British Columbia obtained a Supreme Court order to seize cash, gold bars, and jewelry belonging to Michael Patryn, co-founder of the failed cryptocurrency exchange QuadrigaCX. The assets were held in a safety deposit box seized by the RCMP in 2021 at a CIBC branch in Vancouver.

According to records presented during the forfeiture proceedings, police alleged that Patryn had used client funds for personal benefit, including the purchase, acquisition, and maintenance of the safety deposit box and its contents.

Among the confiscated items were $250,000 in cash, three one-kilogram gold bars, another 42 smaller bars, luxury watches (including two Rolex Datejust), and several pieces of jewelry. At current prices, the gold is worth more than $800,000.

Patryn denied in 2024 that the assets originated from illicit activities, but later withdrew his response. Relying on a new provincial anti-money laundering law, the province this year requested an order requiring him to explain the source of the assets. After his withdrawal from the proceedings, the court ultimately awarded the assets to the government.

CoinShares anticipates renewed momentum for tokenized assets in 2026 after a record growth year

Digital asset investment firm CoinShares anticipates that the expansion of real-world tokenized assets (RWA) seen in 2025 will continue into 2026, driven by growing global demand for dollar-yield products.

In its 2026 Digital Asset Outlook report, the company highlights that RWAs have seen remarkable growth this year, especially tokenized US Treasury bonds. These assets doubled, going from $3.91 billion to $8.68 billion, while on-chain private credit also nearly doubled its volume, reaching $18.58 billion.

“Tokenization has significantly transcended the traditional crypto-enthusiast narrative,” said Matthew Kimmell, CoinShares analyst. “Real assets, issued by reputable companies, are attracting considerable investment. Even regulators are considering crypto platforms as credible infrastructure.”

Robinhood advances its expansion into Indonesia with the acquisition of two regulated firms

Robinhood Markets Inc. took a decisive step in entering Indonesia’s retail market after announcing deals to acquire two licensed companies in the country, one of the fastest-growing markets in Asia.

According to the California-based company, the acquisitions include PT Buana Capital Sekuritas, a local brokerage, and PT Pedagang Aset Kripto, a licensed cryptocurrency trading platform.

Asked about management during the transition period, a Robinhood spokesperson said, “there are no further integration plans to share at this time,” and confirmed that both acquisitions are expected to close in the first half of 2026.

The SEC closes investigation into tokenization platform Ondo Finance with no charges

The United States Securities and Exchange Commission (SEC) has officially closed its investigation, ongoing since 2023, into Ondo Finance, the New York-based platform specializing in real-world asset tokenization. According to the company, the agency notified them of the end of the probe without bringing charges.

The confidential, multi-year investigation examined whether Ondo’s tokenization operations complied with federal securities laws and whether its native token, ONDO, could be considered a security.

For the company, the regulator’s conclusion marks a turning point in the US stance toward real-world asset tokenization, which is beginning to occupy a clearer place within the SEC’s official agenda.