Ant Group, the fintech company behind Alipay, has launched Jovay, a high-speed Layer-2 network on Ethereum designed to tokenize real-world assets. Jovay aims to connect global financial infrastructure with a compliant, enterprise-grade blockchain solution. The platform utilizes zero-knowledge and optimistic proof systems to ensure secure and efficient asset transfers while maintaining privacy and regulatory compliance.
Initial tests of Jovay demonstrate its capability to process up to 22,000 transactions per second, with ambitions to reach 100,000 TPS. This development marks a significant shift in blockchain adoption, as major financial institutions increasingly prefer Ethereum over private networks.
Ant Group Unveils Ethereum-Based Blockchain for Tokenizing Real-World Assets
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