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Aurum brings in Nick Patel to deepen its RWA push

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Aurum brings in Nick Patel to deepen its RWA push - 2

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Aurum Foundation names Nick Patel as its RWA Relationships Advisor as tokenized real-world assets gain momentum.

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Summary

  • Aurum Foundation appoints Nick Patel as RWA Relationships Advisor to lead its Real-World Asset strategy.
  • Nick Patel brings expertise in commodities, finance, and tokenized gold, aiming to expand Aurum’s exposure to metals, emeralds, and other liquid real-world assets.
  • Aurum combines tangible assets with decentralized finance, leveraging AI-driven infrastructure and fractional ownership models for broader investor access.

Aurum Foundation has appointed Nick Patel as its RWA Relationships Advisor to spearhead its Real-World Asset strategy. This comes at a time when interest in tokenized real-world assets (RWAs) has been steadily increasing.

According to data from DeFiLlama, the value of RWA on public blockchains reached $23.6 billion in 2026, a 66% increase from $14.1 billion at the start of the year.

Aurum brings in Nick Patel to deepen its RWA push - 2
Photo of Nick Patel

​Nick has built his career working at the intersection of commodities, finance, and, more recently, digital asset infrastructure. He has spent the past several years in gold trading and has built businesses tied to supply, mining, and tokenized gold initiatives. He brings more than a decade of experience in financial markets, working in stockbroking, equity sales, commodity trading, and cross-border investment.

He has been appointed to expand Aurum’s RWA strategy and strengthen relationships across global commodity markets. The foundation has positioned itself around crypto products, AI-driven financial infrastructure, and new ways to connect decentralised finance with tangible assets such as gold and other commodities.

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According to Aurum CEO Bryan Benson, Nick’s appointment is part of the foundation’s broader effort to combine tangible value with the accessibility and yield potential of decentralized systems, as it focuses on widening its investment approach to include fractional exposure to metals, emeralds, and other liquid real-world assets, not just gold.

With more than two decades of experience in financial markets, Nick has worked in different departments, including stockbroking, equity sales, commodity trading, and cross-border investment.

​He is also the founder of Bank of Bullion in Dubai, a business focused on the precious metals supply chain, including procurement, refining, storage, and trading. He also leads Clinq DMCC and Clinq.Gold, a venture centred on digitising gold ownership through blockchain infrastructure and fractional access.

Aurum brings in Nick Patel to deepen its RWA push - 3

​These businesses center on connecting physical gold production and trading with digital financial rails. The ventures have given Nick the expertise needed to navigate a period when blockchain firms are increasingly exploring tokenised commodities, funds, and other off-chain value beyond traditional crypto assets.

Aurum’s long-term goal is to build DeFi earning opportunities around assets that are typically seen as stable stores of value. Gold sits naturally within that narrative. It is familiar, globally recognized, and widely used as a hedge in traditional markets.

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Patel said he is looking forward to helping connect traditional assets with new financial opportunities and to building relationships across the sector. 

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Crypto World

Arizona AG Files Charges against Kalshi over ‘Illegal Gambling‘

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Law, Arizona, Court, Crimes, Kalshi, Prediction Markets

Arizona Attorney General Kris Mayes announced that her office filed gambling and related criminal charges against the companies behind prediction markets platform Kalshi.

In a Tuesday notice, Mayes said that the charges alleged that Kalshi operated an “illegal gambling business in Arizona without a license” and offered election wagering, in violation of state laws. Arizona authorities alleged that Kalshi’s prediction markets platform allowed state residents to bet on event contracts related to sports and state and federal elections. 

“Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” said Mayes. “No company gets to decide for itself which laws to follow.”

Law, Arizona, Court, Crimes, Kalshi, Prediction Markets
Source: Arizona Attorney General’s Office

According to the AG’s office, the charges followed Kalshi filing its own lawsuit against Arizona “preemptively in an attempt to avoid accountability under Arizona law.” State authorities have filed similar lawsuits against the companies of prediction market platforms like Polymarket and Kalshi.

Related: Kalshi suffers court loss in Ohio over sports betting lawsuit

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“Sadly, a state can file criminal charges on paper-thin arguments,” a Kalshi spokesperson told Cointelegraph. “States like Arizona want to individually regulate a nationwide financial exchange, and are trying every trick in the book to do it. As other courts have recognized and the CFTC affirms, Kalshi is subject to federal jurisdiction. It’s different from what sportsbooks and casinos offer their customers, and it should not be overseen by a patchwork of inconsistent state laws.”

Last week, an Ohio judge denied Kalshi’s request for a preliminary injunction in a similar case against state authorities, saying that the company had failed to show that the sports event contracts available on the platform were subject to the “exclusive jurisdiction” of the Commodity Futures Trading Commission (CFTC). However, in February, a federal judge in Tennessee blocked state authorities from enforcing gambling laws against Kalshi.

CFTC chair backs “exclusive authority” over prediction markets

Now the sole commissioner on the CFTC since acting chair Caroline Pham stepped down in December, Chair Michael Selig has publicly said that the federal regulator would defend prediction market platforms from state-level lawsuits.

Last week, Selig opened a proposed rule up to public comment on how the Commodity Exchange Act would apply to prediction markets, potentially changing how the agency approaches regulation and enforcement in the future.

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