During the TOKEN2049 conference in Dubai, Ant Digital Technologies – the digital technology subsidiary of Ant Group – officially announced the Jovay layer-2 platform, a new blockchain solution focused on the Real World Asset (RWA) sector, meaning real assets.
Jovay – High-speed Layer-2, serving the future of digital finance
Jovay is designed to handle up to 100,000 transactions per second, with near-instantaneous response times, directly targeting the trading needs of traditional assets such as real estate, bonds, securities,... on the blockchain. This is a strategic move to ride the wave of real asset tokenization – a trend expected to revolutionize the finance industry in the coming decade.
Jovay acts as a layer-2 for AntChain, the blockchain network of Ant Group, connected through the AntChain Bridge. This structure allows for performance scalability while maintaining compatibility with the Ethereum ecosystem – a chain that accounts for over 57% of the global RWA market share according to statistics from rwa.xyz.
Combining AI and blockchain: Ant Group launches DTVM to enhance smart contract efficiency
Notably, #Jovay integrates the DeTerministic Virtual Machine (DTVM) solution developed by Ant, using large language models (LLM) and AI agents to enhance the performance of smart contracts while ensuring high compatibility with Ethereum.
According to Mr. Zhuoqun Bian, Chairman of the blockchain division at Ant Digital Technologies, the launch of Jovay is the result of many years of experience in the fields of blockchain, IoT, and AI, and demonstrates a commitment to global collaboration to unlock the true potential of RWA.
Expanding influence: Ant Group chooses Hong Kong as headquarters, strengthening presence in Dubai
#AntGroup is accelerating globalization with a strategy to establish a technology headquarters in Hong Kong, while also expanding operations in Dubai – two regions with an open stance towards blockchain and AI. Their goal is to connect with investment funds and companies that are pioneers in the fields of blockchain, artificial intelligence, and digital finance.
The race for RWA tokenization is heating up
With this move, Ant Group joins the list of traditional giants entering the RWA playground on Ethereum, alongside:
BlackRock with the BUIDL tokenization fund,
Fidelity with plans to tokenize US Treasury bonds,
Sony with the Soneium layer-2 protecting IP rights,
Visa boosts Web3 payments,
and Deutsche Bank is also developing its own layer-2.
To date, the total market capitalization of RWA has exceeded 22 billion USD, making it one of the fastest-growing segments in the crypto market.
Engaging with crypto users:
The launch of Jovay is a clear signal that the race between traditional corporations and crypto-native entities in the field of real-world asset tokenization is entering a fast lane. For crypto users, especially on platforms like Binance, this is an opportunity to access new financial products based on real assets – while ensuring the transparency and efficiency of blockchain.
Risk warning:
Investing in cryptocurrencies and related products always carries high risks. The market is highly volatile, technology is still evolving, and the legal framework is unstable. This is not a suitable choice for everyone. Always be cautious, do thorough research before deciding to participate.