On 20 July, Nomura Securities, the biggest Securities in Japan officially signed a cooperation agreement with YUTU and became YUTU’s international financial advisor. Under the agreement, aside from helping YUTU screen global investment banks and venture capitals, Nomura will also guide YUTU’s IPO process as well as its digital asset development.
Charls Wang, managing director of Asia Inverstment Banking at Nomura believes that YUTU, one of the world's largest mobile Internet social platforms for car users, has shown positive investment value in big data and application of blockchain technology and has demonstrated a good business model that will shape the next few decades.
According to Ansel Qi, founder of YUTU, YUTU has been moving forward fast forward to develop auto real economy around the world. YUTU’s CarLive Chain public chain consensus algorithm was based on an industry-leading economic model and is currently being applied in real scenarios and the white paper on IoV blockchain technology will be released soon. The main network of IoV blockchain public chain is expected to be rolled out at the end of 2018.
According to Micheal Huang, spokesman at YUTU, YUTU has signed strategic cooperation agreements with global auto/auto-related companies such as BYD and NürnbergMesse Group and has been working closely with them in areas such as IoV blokchain R&D, socialization between car users, auto consumption, Vehicle operating system safety. YUTU has also joined hand with China BeiDou Navigation Satellite System to build global IoV blockchain supercomputing centers. Recently YUTU has reached multiple consensus with ExxonMobil (world’s largest oil company) and Zhonglin International Group (China’s fourth largest hydrogen energy company) to actively promote pilot programs of IoV big data and IOV token circulation in Hong Kong, Malaysia, Indonesia and other areas and countries.
Founded in 1925, Nomura Securities with 28 offices around the world and trillions of Japanese Yen in asset has become the largest securities broker in Japan and one of the largest broker in market capital in the world. Ansel Qi, founder of YUTU believes that Nomura has realized that the mobile internet and token economy are becoming the core strengthen of the next generation of economic development. The agreement with Nomura will broaden YUTU’s vision of international operation, accelerate YUTU’s expansion in international capital, promote the physical application of block chain technology in the connected-car industry, and bring positive results to the construction of IoV blockchain ecosystem.
