Seazen to tokenize IP and property assets, eyes new revenue streams

Seazen Group Limited, in a supplemental announcement, detailed plans to evaluate tokenizing its intellectual property resources and shopping mall property income into real-world assets (RWA). This move responds to the Hong Kong SAR Government's Policy Statement 2.0 on Digital Assets. The company aims to leverage its shopping mall operations and IP from cultural collaborations to create new revenue streams by digitizing and facilitating asset trade.

The company plans to evaluate the feasibility of putting NFT digital collectibles on the blockchain by the end of 2025, aiming for on-chain transactions by the end of 2026, subject to regulatory compliance. Seazen operates 174 shopping malls across 141 cities, hosting over 10,000 annual events that generate significant digital collectibles. The estimated working capital for the feasibility study and planning for tokenizing IP resources as RWAs is approximately RMB16.0 million.

Net proceeds from the subscription of new shares, totaling HK$49.4 million, will fund this initiative. HK$17.5 million is allocated for legal and professional consultancy fees for the feasibility study and planning of tokenizing IP resources as RWAs, expected by December 2025. The remaining HK$31.9 million is earmarked for selecting partners, architectural design, technology suppliers, asset custodians, entity setup, and associated legal/professional fees, expected by December 2026.