$eth 🔥Alipay is also launching its own public chain, preparing to introduce the layer 2 public chain Jovay.
⬇️I have gathered some relevant information:
🚀The public chain Jovay launched by Alipay is based on Ethereum's L2, focusing on the on-chain representation of real-world assets (RWA) and institutional-grade applications.
1️⃣In terms of core technology, there are several highlights:
1-High TPS, millisecond-level trusted transactions.
2-Combining zero-knowledge proof (zk) technology to ensure transaction security, privacy protection, and verifiability.
3-The architecture is designed as "two chains and one bridge," collaborating with AntChain and the cross-chain bridge AntChain Bridge to create a global asset digitalization ecosystem closed loop.
2️⃣Focusing on new energy and green finance, over 14 million new energy devices (such as charging piles and photovoltaic equipment) have been put on-chain, creating the world's largest new energy on-chain asset pool. In terms of real-world assets, Jovay has designed a five-phase process (asset registration, construction, tokenization, issuance, and trading), setting multiple verification checkpoints to ensure compliance regulatory requirements, supporting asset transfers between institutions and bilateral settlements, while avoiding data leakage.
3️⃣In terms of strategic positioning, Jovay does not issue a native token, focusing on the enterprise and institutional market, emphasizing compliance first and AI assistance, real-time verification of on-chain and off-chain data, fully ensuring data privacy and compliance. Ant Group hopes that through Jovay, it will connect the huge financial flow of Alipay's 1.4 billion users to the Ethereum ecosystem, promoting the integration of decentralized finance and traditional finance, and is expected to have a significant impact on global financial infrastructure.
Progress:
Jovay launched its testnet in April 2025 and plans to launch its mainnet in the fourth quarter of 2025, with great potential for expansion and broad application prospects in the future, especially in cross-border green finance and digital asset securitization, where it has a leading advantage.