CarLive Chain held a high-level partner conference at Wall Street on 9:00 am of 26 July 2018 and announced the establishment IOV Capital, world’s largest foundation in connected-car ecosystem. The fund will focus on value investment and A&M in connected-car ecosystem and support connected-car applications that are based on IOV public chain.

Alice Tsai, a seasoned capital management expert from Canada and representative at IOV Capital Board explained the development of IOV Token and IOV Capital’s strategic plan. According to Alice, IOV Capital will mainly invest in promising connected-car projects that are of real value, especially IoV application chain and other cross-chain applications that possess mobile internet traffic for car-life socialization, insurance, consumption and energy. The capital strives to build broad consensus in the connected-car ecosystem among CarLive Chain public chain based projects and achieve prosperous coexistence between them.

The first phrase of IOV Capital fundraising has successfully raised 30 million USTD and 300 million IOV Tokens. Limited partners include Dubai Islamic Bank, Malayan Banking, the Belt and Road Foundation, Alibaba Alumni Digital Fund and individual investors from Goldman Sachs and JPMorgan.