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Franklin Templeton Partners with Ondo Finance to Launch Tokenized Versions of 5 ETFs 

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Franklin Templeton, a major traditional asset manager with roughly $1.7 trillion in assets under management, has partnered with Ondo Finance to launch tokenized versions of five of its ETFs. These tokenized products enable 24/7 trading directly through crypto wallets, bypassing traditional brokerage accounts and standard market hours.

Ondo Finance purchases shares of the underlying Franklin Templeton ETFs and holds them via a U.S.-registered broker-dealer. It then issues blockchain tokens through a special-purpose vehicle (SPV). Token holders receive the full economic exposure (price changes, dividends that reinvest automatically) but do not directly own the ETF shares. Tokens are backed 1:1 by the actual securities.

Trading benefits: 24/7 availability — Trade any time, including weekends. Near-instant settlement vs. traditional T+2. Tokens can potentially be used as collateral in DeFi, transferred peer-to-peer, or integrated with other on-chain protocols. Self-custody via crypto wallets.

The five ETFs being tokenized spanning U.S. equities, fixed income, and gold: Franklin Focused Growth ETF (FFOG). Franklin Responsibly Sourced Gold ETF (FGDL). Franklin High Yield Corporate ETF (FLHY). Franklin Income Equity Focus ETF (INCE). The initial rollout targets investors in Europe, Asia-Pacific, the Middle East, and Latin America.

U.S. investors are currently excluded due to regulatory constraints around on-chain distribution of registered investment products by third parties. U.S. access would require further clarity from regulators. Ondo handles the tokenization and distribution via its Ondo Global Markets platform described as one of the largest tokenized securities platforms.

Franklin Templeton provides the underlying funds and supports education for crypto-native users. This fits into the accelerating real-world asset (RWA) tokenization trend, where traditional finance increasingly uses blockchain for efficiency, global access, and liquidity. Franklin Templeton has been active in crypto, and Ondo brings expertise with billions in tokenized assets and strong on-chain infrastructure.

It’s another step in bridging TradFi and crypto: similar to BlackRock’s tokenized funds or treasury products, but here focused on equity, gold and fixed-income ETFs with true 24/7 wallet-native trading. Ondo’s token ($ONDO) saw some short-term movement, but broader market context influences price action.

This represents meaningful progress toward more continuous, accessible, and programmable traditional investments—though it’s still early, with regulatory and adoption hurdles remaining, especially in the U.S. Real-World Asset tokenization is one of the fastest-growing segments at the intersection of TradFi and crypto.

It involves issuing blockchain tokens that represent ownership or economic exposure to traditional assets—like U.S. Treasuries, private credit, real estate, gold, equities, and more—while keeping the underlying assets backed 1:1 often via custodians or SPVs. This unlocks fractional ownership, 24/7 trading, instant settlement, global access via wallets, and DeFi composability.

The market has matured rapidly from niche experiments into a multi-billion-dollar sector with clear institutional momentum. Tokenized RWAs excluding or including stables depending on methodology now sit at $23–27 billion in on-chain/distributed value: RWA.xyz reports $26.60 billion distributed asset value +5.1% in the last 30 days and ~694,000 asset holders +6.3% in 30 days.

DefiLlama shows $22.95 billion on-chain market cap and $16.25 billion active market cap, with $1.6 billion in DeFi TVL tied to RWAs. Growth has been dramatic: 266% in 2025 alone, building on a 245x surge from 2020 levels. Projections point to $100 billion+ by the end of 2026, with longer-term estimates ranging from $2–16 trillion by 2030.

The market remains concentrated in yield-generating, low-risk assets that appeal to institutions: U.S. Treasuries; 40–50% dominance: Largest category, with ~$9+ billion tokenized. Top products include USYC ($2.4B), BlackRock’s BUIDL ($2.1–2.6B), USDY ($1.3B), BENJI/Franklin ($944M), and Ondo’s OUSG.

Commodities mainly gold: ~$5–7 billion, led by Tether Gold and PAX Gold. Gold accounts for the vast majority of tokenized commodities. Private Credit: Still massive; historically 50–60% in some snapshots, with platforms tokenizing loans, invoice finance, and structured credit.

2026 is transitioning from pilots to production-scale adoption. Focus is on liquidity, composability, and usability—tokens must be reliably priced, tradeable, and integrable as DeFi collateral. Products need credible legal wrappers (SPVs) while enabling secondary markets. RWAs are increasingly used on-chain for yield and as collateral in protocols like Aave Horizon or MakerDAO. This creates on-chain institutional yield rails.

The Franklin-Ondo launch you asked about earlier is a prime example of the next wave: equities and diversified ETFs going fully on-chain. If current momentum holds, RWAs could become a foundational layer of both DeFi and traditional markets, offering continuous global liquidity and programmable ownership at unprecedented scale. The runway is enormous—U.S. Treasuries alone are a $28 trillion market, and tokenized RWAs are still <0.1% penetrated.

Arkham Intelligence Spotlights Clifton Collins Dormant Wallet after 10 Years of Inactivity 

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Clifton Collins, a convicted Irish cannabis grower and dealer from Dublin previously a security guard and beekeeper, bought around 6,000 BTC between 2011 and 2012 using proceeds from his operations. At the time, Bitcoin traded for just a few dollars each, so his total investment was roughly $30,000.

He split the holdings across 12 wallets about 500 BTC each for basic operational security. In 2017, he was arrested and later sentenced to five years in prison for running large-scale cannabis cultivation sites across multiple counties.

During the investigation or aftermath, his private keys—printed on a sheet of paper and hidden inside a fishing rod case at a rented property—were lost when the landlord cleared out the house and discarded the belongings reportedly to a landfill.

The keys were presumed destroyed or irretrievable, and the wallets went cold. A High Court order later confiscated the assets as proceeds of crime, but access was believed impossible.

On March 24, 2026, on-chain activity showed one of the wallets labeled Clifton Collins: Lost Keys by Arkham Intelligence suddenly activate after 10 years of inactivity. It transferred the full 500 BTC to an intermediate address, which then split the funds across multiple addresses, with a significant portion ($13.5M worth) landing in Coinbase Prime.

Ireland’s Criminal Assets Bureau (CAB), working with Europol’s European Cybercrime Centre, publicly confirmed they gained access to and seized the wallet containing approximately €30 million in cryptocurrency matching the 500 BTC figure. They moved the funds into custody via Coinbase for safekeeping/liquidation as part of asset recovery.

The remaining ~5,500 BTC; worth hundreds of millions across the other 11 wallets remain untouched and dormant for now. If authorities crack the rest using similar methods, it could become one of the largest single crypto seizures in Ireland’s history. This wasn’t Collins suddenly accessing his own coins; he’s long been in prison, and the move aligns with law enforcement action.

It highlights how “lost” or “burned” keys aren’t always permanently gone—advanced forensics, brute-force attempts, or other techniques aided by Europol can sometimes recover access years later, especially with poor key management (paper backups in physical hiding spots).

Bitcoin’s cryptography itself wasn’t broken; the vulnerability was in how the keys were stored and secured. Early criminals who got in during 2011-2012 often turned tiny drug profits into life-changing or, in this case, government-payday fortunes due to Bitcoin’s appreciation.

Stories like this pop up occasionally with old seized or lost wallets. It’s a reminder of Bitcoin’s permanence on the blockchain—transactions and ownership labels don’t forget, even after a decade. The full 6,000 BTC stash would be worth well over $400 million today. Authorities are likely still working on the rest.

The Irish Criminal Assets Bureau (CAB), working with Europol’s European Cybercrime Centre, gained access to the 500 BTC wallet on or around March 24, 2026. They then moved the funds as proceeds of crime through intermediate addresses before depositing a large portion into Coinbase Prime for custody and eventual liquidation.

CAB and Europol have not publicly disclosed the exact technical method used to unlock the wallet. The official Garda statement emphasizes that Europol provided: Operational meetings at its headquarters in The Hague.

Highly complex technical expertise and decryption resources that were “vital to the success of the operation. This is the first time authorities accessed any of the 12 wallets out of the original ~6,000 BTC total. The remaining ~5,500 BTC wallets are still dormant, though officials appear optimistic that the same approach could work on the others.

Bitcoin’s core cryptography remains unbroken—no one is brute-forcing a 256-bit ECDSA private key; that would require more energy than the sun produces. Instead, the vulnerability was almost certainly in how Collins managed his keys, not in Bitcoin itself. Common theories based on reporting include: Weak password on an encrypted wallet file or backup

Collins may have stored the private keys in an encrypted digital container protected by a simple or guessable password. Law enforcement used specialized decryption tools and significant computing power to brute-force or crack the password. Europol’s reference to “decryption resources” strongly supports this scenario.

Authorities had already seized and forfeited other assets from Collins including some BTC he still had access to, so they likely had digital forensics from his devices going back years. The assets were court-ordered confiscated around 2019–2020, but without keys, they sat untouched.

Acknowledgement Is Not Enough: Africa Must Rise

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On March 25, 2026, the United Nations General Assembly made history. In a vote of 123 nations in favour, with only three against, the United States, Israel, and Argentina, and 52 abstentions, including the United Kingdom and all 27 European Union member states, the world body formally declared the transatlantic slave trade the gravest crime against humanity. The resolution, spearheaded by Ghana’s President John Dramani Mahama, calls for reparatory justice, formal apologies, restitution, compensation, and the return of cultural artefacts looted during the colonial era. It was adopted on the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade, a date that marks the passage of Britain’s Abolition of the Slave Trade Act in 1807.

Many Africans will celebrate this moment, and rightly so. It carries deep emotional and symbolic weight. For some, it is a geopolitical score. For others, it is long-overdue moral validation. But for those of us who love Africa and are invested in her future, the more important question is not what the world now says about our past, but what we ourselves will do with our present and our future.

The transatlantic slave trade was a horror beyond words. For over 400 years, an estimated 12.5 to 13 million African men, women, and children were seized from their homes, packed into ships, and transported across the Atlantic Ocean to work on plantations in brutal conditions. Millions died before they even reached shore. The trade hollowed out entire generations and robbed Africa of the human capital she needed to grow and prosper.

But let us be honest with ourselves: the transatlantic slave trade, as terrible as it was, was not the only great crime committed against African people.

Long before the first European ship anchored on African soil, another slave trade was already operating. This is the Arab slave trade, also called the Trans-Saharan and Indian Ocean slave trade. Beginning in the 7th century, this trade spanned more than 1,300 years, making it the longest slave trade in recorded history. Between 10 and 18 million Africans were trafficked across the Sahara Desert and the Indian Ocean to Arab markets in the Arabian Peninsula, North Africa, Persia, and the broader Middle East. The conditions were unspeakable. It is estimated that up to 50 per cent of enslaved people died during the trans-Saharan crossings. Zanzibar, on the east coast of what is today Tanzania, became one of the most notorious hubs of this trade, with enslaved people shipped from as far as Sudan, Ethiopia, Somalia, and the Great Lakes region of East Africa. The Arab slave trade was finally abolished in Mauritania which is the last country to do so in 1981.

The Arab conquest and expansion into North Africa from the 7th century also brought enormous disruption to the continent. Indigenous peoples were displaced from their ancestral lands, their religions were changed by force or by the threat of heavy taxation for those who refused to convert. Those who resisted sparked centuries of wars and conflicts across the continent, as African kingdoms and warriors rose up to defend their people and their way of life. The suffering was immense and the effects were lasting.

And then came European colonialism, a system that carved up the African continent at the Berlin Conference of 1884–85, distributed her peoples like property, and extracted her resources for foreign enrichment. The atrocities carried out under colonial rule in places like the Congo Free State under King Leopold II of Belgium, where millions of Congolese were mutilated, enslaved, and killed, stand among the worst crimes in human history. The destabilisation of governments, the sponsoring of armed groups, and the manipulation of African politics by outside powers did not end with formal independence. They have continued in different forms up to this day, from regime changes to the fuelling of insurgencies that have cost countless African lives in countries like Burkina Faso, Nigeria, South Africa and beyond.

Every one of these crimes deserves to be named, remembered, and never forgotten. History must record them all. But here lies the difficult question that every African must ask: how many acknowledgements do we need, and from how many perpetrators, before we decide to rise?

If the transatlantic slave trade requires a UN resolution, what about the Arab slave trade? What about the Congo? What about colonialism itself? What about the extraction that continues today through corrupt deals, debt traps, and the looting of natural resources by both foreign companies and our own leaders? There is a very real danger that Africa becomes a continent defined entirely by what was done to her, always looking to others for recognition, apology, or compensation, while her people remain poor and her potential remains locked.

That is not a future worth fighting for.

There is a truth we rarely say loudly enough: Africa’s suffering was not caused only by outsiders. Some of our own people opened the gates. African chiefs and kings participated in the transatlantic slave trade by selling their own people to European merchants. Internal divisions, ethnic rivalries, and the hunger for short-term power made the continent vulnerable to exploitation from outside.

Today, the same pattern repeats. Too many of Africa’s leaders continue to sell their people, not in chains, but through corrupt contracts, stolen resources, foreign bank accounts filled with public money, and the acceptance of foreign aid in exchange for political compliance. While African nations remain poor and underdeveloped, the wealth extracted from African soil and labour continues to enrich others. The problem is not only historical. It is happening now.

This must change.

Africa is not a poor continent. She is a rich continent with poor leadership. Africa holds approximately 30 per cent of the world’s mineral resources. She has the youngest and fastest-growing population on earth. She has fertile land, abundant water in many regions, and an extraordinary diversity of cultures, languages, and knowledge. The African Continental Free Trade Area, if fully implemented, could create one of the largest single markets in the world.

What Africa needs is not more apologies from distant capitals. What Africa needs is honest, courageous leadership that serves its people. She needs open borders between African nations, so that African traders, workers, and entrepreneurs can move freely and build wealth together. She needs investment in railways, roads, and infrastructure that connect African cities to each other, not just to foreign ports. She needs to refine and process her own raw materials rather than exporting them cheaply and buying them back as finished products at a premium. She needs to eject terrorist organisations and puppet governments that keep her people in fear and poverty. And she needs citizens who hold their leaders accountable, who vote with wisdom, speak with courage, and refuse to be silenced.

The memory of slavery, colonialism, and every atrocity committed on African soil must be kept alive as education, so that we understand how we arrived here, and so that we never allow it to happen again. But memory must not become a prison. The past must be a teacher, not a permanent identity.

Africa has produced great civilisations. The ancient kingdoms of Egypt, Mali, Songhai, Benin, Great Zimbabwe, and Kush built cities, universities, trade routes, and systems of governance that the world still studies today. That greatness was not destroyed forever. It was interrupted. And what was interrupted can be resumed.

The resolution adopted at the United Nations on March 25, 2026 may be a moment of recognition. But recognition from others means very little if we do not recognise ourselves, our strength, our worth, our capacity. Africa must stop looking defeated. Africa must stop performing grief for a global audience. Africa must stand upright, look forward, and build.

The greatest reparation Africa can give herself is not a cheque from a foreign government. It is the decision, made by Africans, for Africans to rise.

Nigeria’s Next Companies: Building the Engines of a $3 Trillion Economy

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The best companies in Nigeria have not yet been built. If anyone tells you that all the opportunities are gone, respectfully ignore them. Nigeria is operating far below its productive potential. At optimal capacity, the economy should be closer to a $3 trillion GDP, not the current ~$300 billion. Do the math: that implies a 10x expansion just to reach equilibrium.

Yet, about 90% of existing companies are not architected for that kind of scalable growth. Even if they attempt it, the foundational structures upon which they are built limit their ability to evolve. You cannot stretch a system beyond the logic that created it.

What Nigeria needs are new species of companies, designed on new business models, enabled by forward-looking policies, and built for leverage at scale.

Look around: insurance penetration remains below 2%, electricity companies distribute more darkness than light, access to clean potable water is limited, and a nation where a majority of the workforce is engaged in agriculture still struggles with food security. The gaps are everywhere.

History gives us a blueprint. In the 1990s, a new generation of banks emerged and redefined financial services in Nigeria, bringing millions into the formal system. We need that same level of redesign across insurance, power, water, education, healthcare, and beyond.

But here is the reality: the companies capable of driving that transformation are still scarce. Last week, I noted that South Africa spends over $100 billion more annually than Nigeria despite having less than 30% of Nigeria’s population. That contrast tells a deeper story about productivity, systems, and execution.

My name is Ndu-bu-isi-uwa [life is paramount in everything in the universe]. I remain confident in the promise of the future. Nigeria can be redesigned. And that future can be extraordinary. To do that, we have to #build .

CoinShares Via Valkyrie ETF Trust II Files Post Effective Amendment with the US SEC 

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CoinShares via Valkyrie ETF Trust II has filed a post-effective amendment with the SEC, for three Bitcoin volatility ETFs.

These would be among the first U.S.-listed products focused on Bitcoin’s volatility rather than its spot price or futures. They aim to track the CME CF Bitcoin Volatility Index (BVX), which measures implied or expected volatility in Bitcoin similar to how the VIX works for stocks.

CoinShares Bitcoin Volatility ETF (ticker: CBIX) — The base fund, providing managed exposure to futures contracts tied to the BVX for direct volatility tracking. CoinShares Bitcoin Volatility Leveraged ETF likely LBIX — A leveraged version that amplifies exposure to moves in the volatility index. CoinShares Bitcoin Volatility Inverse ETF— An inverse fund that seeks to profit when Bitcoin volatility decreases i.e., bets against rising vol.

The filing was made under Valkyrie ETF Trust II as a Form N-1A post-effective amendment. It positions these as tools for sophisticated investors, traders, or institutions to hedge, speculate on, or gain exposure to the magnitude of Bitcoin price swings—without directly betting on BTC’s direction up or down.

If the SEC raises no major objections, trading could begin as early as early June 2026. Management fees and full details weren’t disclosed in the initial reports typical for early-stage filings. This builds on CoinShares’ existing crypto ETF lineup, which includes products like the CoinShares Bitcoin ETF (BRRR) for spot-like exposure.

Bitcoin has long been known for high volatility, which attracts traders but also creates risks. These ETFs would allow more “Wall Street-ized” ways to trade or hedge that volatility directly—via regulated, exchange-listed vehicles. It expands the crypto ETF ecosystem beyond spot Bitcoin and futures products toward derivatives-like tools focused on swings.

Analysts including Bloomberg’s Eric Balchunas noted the filing quickly, and it has sparked discussion about maturing crypto infrastructure: more hedging options could eventually help stabilize realized volatility over time, though leveraged/inverse products carry amplified risks and aren’t suitable for all investors.Important caveats: This is just a filing—not approval.

The SEC must review it, and there’s no guarantee of launch or exact timeline. Volatility products are complex; they can decay over time especially leveraged ones due to daily resets and contango and backwardation in futures markets. Investors should read the full prospectus once available and consider the high risks involved with crypto-linked instruments.

This development signals continued innovation in Bitcoin financial products, potentially appealing to professional traders seeking new ways to navigate or profit from BTC’s price behavior. The CME CF Bitcoin Volatility Index (BVX) is a benchmark that measures the market’s expected (implied) volatility of Bitcoin prices over the next 30 days.

It functions as Bitcoin’s equivalent to the famous VIX (CBOE Volatility Index) for stocks — often called the fear gauge — but tailored specifically to BTC using data from regulated derivatives markets. Unlike historical volatility which looks at past price swings, the BVX reflects what traders are currently pricing into options contracts. Higher BVX levels indicate the market anticipates larger price swings in Bitcoin over the coming month; lower levels suggest calmer expected conditions.

30-day constant maturity: It standardizes the measure to a fixed 30-day horizon by blending data from options with different expiration dates typically the “front” contract closest to 30 days and the “next” one after it, using linear interpolation of variance to maintain consistency.

Recent example levels have hovered around the low-to-mid 50s, meaning the market was pricing in roughly 52% annualized volatility over 30 days i.e., Bitcoin could be expected to move about 52%/?365 ? 2.7% per day on average, though actual moves vary widely. The index uses a variance swap pricing approach — a standard market method that isolates pure volatility exposure independent of the direction of Bitcoin’s price.