Ant Group – the fintech conglomerate behind Alipay – has just launched Jovay, a high-speed Layer-2 network on Ethereum, marking a turning point in connecting traditional finance with blockchain. Jovay is designed to bring real-world assets (RWA) on-chain through a regulatory-compliant enterprise infrastructure, without token issuance, but focusing on institutional trust.
This network combines zero-knowledge technology and optimistic proofs, along with AI to verify data in real-time, allowing financial institutions to transfer assets such as bonds, loans, or invoices onto the blockchain while ensuring privacy. Jovay achieves speeds of up to 22,000 TPS, aiming for 100,000 TPS, far surpassing Base from Coinbase.
Ant Group's choice of Ethereum over a private network indicates that public blockchain is becoming the core infrastructure of global finance, paving the way for the token issuance of bonds, real estate, and many other real assets.
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Ant Group bets on Ethereum with a new Blockchain for real-world assets
Ant Group – the fintech conglomerate behind Alipay – has just launched Jovay, a high-speed Layer-2 network on Ethereum, marking a turning point in connecting traditional finance with blockchain. Jovay is designed to bring real-world assets (RWA) on-chain through a regulatory-compliant enterprise infrastructure, without token issuance, but focusing on institutional trust.
This network combines zero-knowledge technology and optimistic proofs, along with AI to verify data in real-time, allowing financial institutions to transfer assets such as bonds, loans, or invoices onto the blockchain while ensuring privacy. Jovay achieves speeds of up to 22,000 TPS, aiming for 100,000 TPS, far surpassing Base from Coinbase.
Ant Group's choice of Ethereum over a private network indicates that public blockchain is becoming the core infrastructure of global finance, paving the way for the token issuance of bonds, real estate, and many other real assets.