#Ant Group's Digital Technology Launches New Blockchain Jovay RWA in Dubai
Following the establishment of its overseas headquarters, Ant Group's Digital Technology is rapidly upgrading its product matrix. On April 30th, Dubai time, Ant Group announced the launch of Layer2 blockchain Jovay for the overseas market, a high-performance and trusted blockchain platform specifically designed for RWA transactions. It features a unique three-stage tiered confirmation mechanism to ensure the verifiability of transactions, supports a throughput of 100,000 TPS, and offers an on-chain response time of 100 milliseconds, becoming an important piece of Ant Group's 'Two Chains, One Bridge' architecture. This move signifies that RWA will enter the era of 'millisecond-level trusted transactions', further enhancing global liquidity.
As an important force driving sustainable development, ESG investment has become an international mainstream. In the past, financing for green assets relied on traditional financial instruments and localized markets. RWA breaks regional silos by transforming green assets into tradable digital tokens on the blockchain, introducing around-the-clock liquidity and global capital for new energy assets, allowing photovoltaic projects in South America to connect with Middle Eastern sovereign funds and energy storage assets in Southeast Asia to attract Web3 funding, truly unleashing the global circulation of green assets.
On April 8th, less than a month away, Ant Group signed a contract with the Hong Kong Special Administrative Region government and announced that its overseas headquarters would be located in Hong Kong. Ant Group views Hong Kong as a stronghold for its global layout. As a core member of the Ensemble regulatory sandbox led by the Hong Kong Monetary Authority, Ant Group has deeply participated in the practical case study of the new energy RWA project, successfully exploring green energy RWA based on assets like charging piles, photovoltaics, and battery swapping, validating the value of blockchain technology in reshaping the liquidity of energy assets.
Hong Kong and Dubai are sustainable finance centers in Asia and the Middle East, and the monetary authorities of both regions are collaborating on sustainable finance, providing Ant Group with a 'natural testing ground' for cross-border regulatory cooperation and green finance innovation. Ant Group CEO Zhao Wenbiao stated, 'Ant Group hopes to deeply connect with the opportunities of energy transition in the Middle East through innovative technology, driving the 'dual hub linkage' between Hong Kong and Dubai by embedding leading blockchain technology into the energy RWA ecosystem in both regions, accelerating the global low-carbon economic transition.'