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  • Peter Kam Fai Cheung SBS

Securitization & Tokenization of IP


FADE IN:

INT. CLUB ROOM - DAY

Elegant and roomy. A big painting depicting the 18th Victoria harbour takes center stage. Standing behind a podium, a SPEAKER (50s) speaks to a group of audience including PETER.

SPEAKER

Really enormous pleasure

to be here...You all should

be reading our race sheets...

PETER (V.O.)

Nice opening for a career

diplomat.

No visual aid. The audience hear words and words . The speaker captures their full attention.

PETER (V.O.)

In the political-economic

context, he refers to IP

from time to time. Yes,

Hong Kong's strength is

in its intangibles. You

want Mainland Chinese

IP cases to be settled

in Hong Kong.?

Question and answer session. A WOMAN (60s) poses questions and the speaker responds. A MAN behind Peter asks something about "the Greater Bay Area".

PETER (V.O.) (Cont'd)

On Greater Bay Area

opportunities, the gold

mine has not been identified

yet! No one would

appreciate China's policy

support on IP securitization.

Should I raise this publicly

in this general conference?

Pausing.

PETER (V.O.)(Cont'd)

I understand the challenge

would be great for ordinary

businessmen. But I believe

this is the first step to

develop a new market

optimizing the value of IP

in the Greater Bay Area

via Hong Kong!

SPEAKER

Lastly, I'll make a $20 bet on

horse #4 of Race...

PETER (V.O.)(Cont'd)

Which race? I didn't get

that.

Peter engages the speaker briefly before leaving.

EXT. TRAIN CAR - NIGHT

Smart phone in hand, Peter taps an icon.

PETER (V.O.) (Cont'd)

I know neither the horses

nor the jockeys. Perhaps I do

something that I don't

do and bet on horse#4.

A beat.

Peter checks the screen and then taps.

PETER (V.O.)(Cont'd)

Great. I bet on Place and won

$40...Let me bet on horse#4

again in the next race...

A beat.

Peter checks the screen.

PETER (V.O.) (Cont'd)

Great! I win again. I bet

on Win and won $60.

Oh, my paybacks are

quick and tangible;

unlike the securitization

and tokenization of IP

that I want to develop.

INT. LECTURE THEATRE - DAY

Casual and full. A GENTLEMAN (30s) speaks to a group of mature audience including Peter.

PETER (V.O.)

Simple but structured

delivery of something

new, complex and uncertain

His reference to asset-

tokenization is what I've

in mind in the IP context,

but not asset-backed

tokenization as I don't

mean to use a company's

shares to back up.

Pausing.

PETER (V.O.) (Cont'd)

It's instructive to hear that

there's the need for have

a trustee to hold the asset

portfolios.

Pausing.

PETER (V.O.) (Cont'd)

Yes, securitization and

tokenization will bring

liquidity and develop a

secondary market which

can be global. But there's

the upfront challenge to

get the licence.

Question and answer session. The MODERATOR (50s) and the speaker look around. Peter starts the ball rolling.

PETER

Which jurisdiction has a

balanced regulatory system?

.

SPEAKER

US, UK, Singapore &

Hong Kong.

PETER

How about continental

jurisdictions such as

Switzerland, the Netherlands

and Japan?

SPEAKER

Switzerland has given deep

thoughts...Netherlands..

Japan...

PETER

(Nodding)

Fair enough.

PETER (V.O.)

He's a common lawyer.

Audience leaving.

PETER (V.O.) (Cont'd)

Great. I've verified and learnt

more since 2017. I can

strategize further to tap

the yet-invisible gold

mine in the IP context for

the common good! When

my self-imposed mission is

accomplished, the Greater

Bay Area will be greater!

Peter also leaves, with bright eyes.

PETER (V.O) (Cont'd)

I don't need anyone to bet

on me though!

FADE OUT. The End

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