Intellectual capital has long been mentioned as important assets for enterprises. How to help those companies collect necessary funding by such capital has become a new challenge. While more and more researchers dedicated to the development of the valuation and the accounting principles of intellectual capital, the legal status of intellectual capital has seldom been carefully examined. If intellectual capital can be viewed as legal rights, the structure of secured loan can be facilitated. Besides if the elements of intellectual property can be viewed as legal rights, it will be easier to transfer and can receive much more profound protection from laws, which will substantially reduce the transaction cost. After the survey of this research, it is found that few elements of intellectual capital can be viewed as legal rights. Except intellectual property rights such as copyrights, patents, trademarks, etc., only a few constructs of intellectual capital can be symbolized as contractral relationship among relevant firms. Except secured loans, assets securitization has been a brand new financial vehicle for fund raising. This paper also tries to explore whether the intellectual capital can be put into the new framework. It is found that this new method is not suitable for the intellectual capital that cannot be viewed as rights. Even if some constructs of intellectual capital are legal rights, there are still a number of difficulties. Assets securitization first requires the transfer of assets to special purpose vehicle to reach bankruptcy remoteness from the originator. While the value of intellectual capital highly relies on the complimentary assets, the assets partition structure will force the separation of those assets, which may be inherently inconsistent with the basic philosophy of assets securitization. The author believes that only the intellectual property right whose values are mainly deprived from the technical superiority and less dependent on other complementary assets may be suitable for the application of assets securitization in the initial stage.