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Capital
isn't just
financial.

Consulting & Financial Services · Asia Pacific

Strategic advisory and creative capital solutions for urban development, cultural innovation, and digital finance across Asia Pacific.

View Portfolio Our Approach →
3 Investment Verticals
HK Headquartered
GBA Primary Market
APAC Expansion Focus
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Culture Activation· PPP Strategy· Digital Finance· IP Investment· RWA Tokenisation· Cultural Advisory· LPF Structures· East Air· Urban Development· Creative Capital· Culture Activation· PPP Strategy· Digital Finance· IP Investment· RWA Tokenisation· Cultural Advisory· LPF Structures· East Air· Urban Development· Creative Capital·
About Black Sea Capital

The financial intelligence
behind the platform.

Black Sea Capital is the consulting and financial services engine of Giant Panda Group — combining deep domain expertise with financial innovation to structure, de-risk, and activate investments at the intersection of culture, urban development, and digital finance.

From PPP investment strategy and cultural project advisory to pioneering digital finance instruments — RWA tokens, LPF structures, and utility tokens — Black Sea Capital is the creative capital architecture behind every GPG initiative.

Explore Services
01

De-risk at Source

Real operational data from construction and culture informs every financial model before securitisation.

02

Creative Capital Stack

LPF structures, RWA security tokens, and utility tokens create layered, accessible investment pathways.

03

Culture × Finance

Bridging the gap between cultural IP, live experiences, and institutional capital across GBA and Asia Pacific.

04

Lean & Global

Minimal core headcount, maximum partner leverage — from Hong Kong pilot projects to the Global South by 2028.

What We Do

Three engines.
One vision.

01

PPP Investment Thinktank

Public-private partnership structuring, risk allocation, and government framework advisory for urban and cultural infrastructure. We navigate the intersection of policy, capital, and delivery — building frameworks governments and investors trust.

  • Risk Allocation
  • Government Advisory
  • Urban Infrastructure
  • Framework Design
  • Policy Navigation
↗
02

Culture Investment Advisory

End-to-end advisory on cultural project investment — feasibility studies, finance structuring, IP strategy, and operational frameworks. From live entertainment to cultural campus districts, we structure the capital that makes culture possible.

  • Feasibility Studies
  • IP Strategy
  • Live Entertainment
  • Cultural Districts
  • EAST Framework
↗
03

Digital Finance Sandbox

Research-driven insights and instrument design for digital finance — RWA tokenisation, LPF structures, DPT and DVT tokens — built for GBA and Asia Pacific markets. We translate regulatory frameworks into actionable investment instruments.

  • RWA Tokenisation
  • LPF Structures
  • DPT / DVT Tokens
  • GBA Markets
  • SFC Compliance
↗
Portfolio

Capital at work
across three verticals.

Flagship · Kai Tak, Hong Kong

Runway 1331 × Demain Habitat

Hong Kong's first AI-designed, sustainably financed youth hostel and cultural campus at Kai Tak — 504 rooms, integrated cultural programming, and the East Air venue complex.

Kai Tak, HK· 504 Rooms· Cultural Campus· GPG Platform
Live Venue · East Air

East Air Venues

East Dome (3,000–5,500 capacity indoor stadium) and East Panorama (outdoor cultural space) — together forming the East Air complex at Kai Tak, powered by AIR Inflatable Architecture.

5,500 Capacity· Indoor + Outdoor· AIR System
Live Events · AHM Production

Event Organisation Investment

Strategic investment in live event production through AHM Production — delivering concerts, cultural shows, and international artist runs across Asia Pacific.

AHM Production· Asia Pacific· J / K IP
Digital IP · Asia Pacific

Digital IP Portfolio

Investment in digital intellectual property — original content creation, digital licensing frameworks, and IP-backed tokenisation strategies through Demain's Agentic IP Lab.

Demain IP Lab· J / K IP· GBA Markets· Tokenisation
Physical IP · EAST Framework

Physical IP Investments

Licensing and distribution of physical cultural IP — Japanese and Korean entertainment, sports, arts and tourism experiences deployed across Asia Pacific through the EAST framework.

Japan & Korea IP· EAST Framework· APAC
RWA · Digital Finance

RWA Token Structures

Real World Asset tokenisation — structuring and issuing security tokens backed by real estate, cultural infrastructure, and operational cash flows. Designed and compliant for HK SFC frameworks and GBA digital finance regulations.

SFC Compliant· HK + GBA· Security Tokens· RWA
DPT / DVT · Utility Tokens

DPT & DVT Token Strategy

Design and deployment of utility token ecosystems — creating layered, accessible investment pathways for retail and institutional participants across the GPG platform.

DPT + DVT· Utility Tokens· LPF
Insights

Financing Hong Kong's
next cultural landmark.

Featured · East Air · Culture Finance
2025 · Kai Tak, Hong Kong

East Air: A New Model for Culture-Led Urban Development

East Air — live cultural event at the venue
East Air · Kai Tak, Hong Kong · EAST Programme
💼
Invest
BSC structures capital via PPP frameworks, LPF vehicles & RWA tokens — blending institutional and community investment
→
🏗️
Build
XOX International's AIR inflatable architecture delivers East Dome (5,500 capacity) & East Panorama — gifting permanent cultural facilities to Hong Kong
→
⚡
Operate
Demain Culture activates the EAST programme — Entertainment, Sports, Arts & Tourism — generating sustained venue revenue streams

Black Sea Capital's IBO (Invest · Build · Operate) model turns East Air at Kai Tak into a self-financing cultural landmark — de-risked through operational data, structured for tokenisation, and designed to deliver cultural infrastructure to Hong Kong at no public cost.

Visit East Air →
PPP · IBO · Urban Infrastructure
Model · Hong Kong

The PPP Capital Structure

East Air is structured as a Public-Private Partnership under the IBO model — private capital funds construction, the venue is contributed as a cultural facility to Hong Kong, and operational revenue repays investors over time. Black Sea Capital designs the risk allocation, government advisory framework, and capital waterfall.

Enquire →
RWA Tokenisation · Digital Finance
Instrument · HK SFC Framework

Venue Revenue as a Digital Asset

Recurring venue revenue from East Air — ticket sales, sponsorship, and F&B — becomes the collateral base for Real World Asset (RWA) security tokens. BSC structures SFC-compliant token issuances so institutional and retail investors can access returns from cultural infrastructure previously reserved for large funds.

Learn More →
EAST · DPT · Culture Economy
Coming · Q3 2026

EAST Revenue Powers the DPT Economy

Entertainment, Sports, Arts & Tourism events at East Air drive demand for the DeMain Production Token (DPT) — a utility token giving holders priority access, staking rewards, and governance rights. The DPT roadmap launches Q3 2026. Black Sea Capital is the financial architect behind the full token structure.

DPT Whitepaper →
The Team

People who
bridge worlds.

Black Sea Capital is led by practitioners with deep expertise in PPP structuring, development finance, and cultural infrastructure — advising governments and multilateral institutions across Asia Pacific, Africa, and the Gulf.

Oscar Ng
Chairman · Giant Panda Group
Oscar Ng
Founder & Chairman, Giant Panda Group
Principal, APU Limited

Architect and master planner with 15+ years across HK, GBA and APAC. Founder of Giant Panda Group — integrating technology, finance, architecture, and cultural IP into a single urban development platform.

Master PlanningUrban DevelopmentBIM
Giant Panda Group →
Dr. Tat Lam
Head · Black Sea Capital
Dr. Tat Lam
VP & COO, Giant Panda Group
Adjunct Assoc. Prof., CUHK

PhD (UCL Bartlett) · MArch (Columbia). Specialist in development finance and PPP structures for ADB, AfDB and UNDP. Pioneer in blockchain-based impact finance, CBDC, and smart city frameworks across Asia, Africa and the Gulf.

PPP FinanceADB · AfDB · UNDPCBDC
Giant Panda Group →
Ir Francis Sootoo
PPP Consultant · Infrastructure
Ir Francis Sootoo
MSc · CEP® · FICE · FCILT · FHKIHT · FIPPP
Chairman, IPPP 2025/26
VP Consulting, Systra Asia

35+ years in transport PPP, railway planning, and TOD development across HK, Macau, and Mainland China. Professor-level Senior Engineer, Guangdong Institution of Engineers. Advisor to HKSAR Government and HKTDC.

Transport PPPTODRailway
IPPP →
Moon Wei
PPP Consultant · Project Finance
Moon Wei
FIPPP · CP3P · APMG Accredited Trainer
Hon. Secretary, IPPP 2025/26
General Manager, TPMA Consulting

APMG Accredited CP3P Trainer for the World Bank PPP Certification Program. Led PPP structuring for Shenzhen Metro Line 3 on the TOD "Rail plus Property" model. Chief Editor of the World Bank / ADB APMG PPP Guide (Chinese edition).

CP3P CertifiedWorld Bank PPPGBA
IPPP Council →
The Ecosystem

Part of something
bigger.

Black Sea Capital is one of four tightly integrated subsidiaries of Giant Panda Group — a single closed-loop platform combining intelligence, finance, architecture, and cultural IP.

Visit Giant Panda Group →
Giant Panda Group 大熊猫集团
Parent Group
Giant Panda Group
大熊猫集团投资控股有限公司

A Hong Kong–headquartered investment holding group operating an integrated platform of technology, finance, architecture, and cultural IP across Asia Pacific and the Greater Bay Area.

IntelligenceFinanceArchitectureCulture IP
Visit Giant Panda Group →
You are here
Black Sea Capital

Consulting & Financial Services · LPF · RWA · Digital Finance · PPP Advisory

Capricorn Technology

AI Brain & Ideation · Digital Twins · HHAI OS

Visit capricorn.hk ↗
XOX International

Architecture & Construction · AIR Inflatable System

Visit xox.world ↗
Demain Culture 未来文化

EAST · AHM Production · Japan & Korea IP

Visit demain.hk ↗
Get in Touch

Let's build
something together.

Whether you're structuring a PPP, investing in culture, or exploring digital finance — Black Sea Capital is the partner that bridges capital and creativity.

Headquarters Hong Kong SAR
Parent Group Giant Panda Group (BVI)
Market Focus Greater Bay Area · Asia Pacific
Enquiries info@blackseacapital.world
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