Legal analysis: The exclusive right to use a trademark can be transferred in accordance with the law and can be pledged. The pledge of the exclusive right to use a trademark is a pledge of rights.

Legal basis: According to Article 395 of the "People's Republic of China and Civil Code": the following properties that the debtor or a third party has the right to dispose of can be mortgaged:

(1) Buildings and other land attachments; (2) Construction land use rights; (3) Sea area use rights; (4) Production equipment, raw materials, semi-finished products, and products; (5) Buildings, ships, and Aircraft; (6) means of transportation; (7) other properties not prohibited from being mortgaged by laws and administrative regulations. The mortgagor may mortgage the properties listed in the preceding paragraph together. According to Article 399 of the "People's Republic of China and Civil Code": The following properties are not allowed to be mortgaged: (1) land ownership; (2) the use rights of collectively owned land such as homesteads, private land, private hills, etc., but Except for those that can be mortgaged according to the law; (3) educational facilities, medical and health facilities and other public welfare facilities of non-profit legal persons established for public welfare purposes such as schools, kindergartens, medical institutions, etc.; (4) properties whose ownership and use rights are unknown or in dispute ; (5) Properties that have been seized, detained, and supervised in accordance with the law; (6) Other properties that are not allowed to be mortgaged according to laws and administrative regulations.