The vigorous development of IoT applications has penetrated various industries, including intelligent manufacturing, smart agriculture, ecological environment protection, smart transportation, smart homes, etc., greatly changing the traditional operation mode of the industry. This article proposes a method of applying the Internet of Things in seized assets management, which greatly facilitates the way how the judicial and other organizations manage assets based on the relevant data of the asset, which make it more flexible for the management and make most potential value of the asset for the stakeholders and control the operational risk through IoT technology. This article first discusses the background and advantages of the Internet of Things in seized asset management applications, and then presents several typical application cases and analysis from different industries. Provide the main technical framework of IoT system, the technologies including sensing, communication, and data processing and analysis for the application of the Internet of Things in seized asset management, as well as typical IoT devices, operational platforms, and application software used in the application. Finally, the potential values of the Internet of Things in the future market of seized asset management, as well as the challenges it faces and constructive suggestions for the future of scalable IoT applications for this domain are proposed.