Ant Group unveils Jovay, fastest Ethereum Layer 2 for RWAs
Chinese fintech giant Ant Group, operator of Alipay with over 1.4 billion users, has launched Jovay, the fastest Ethereum Layer 2 network for transferring real-world assets (RWA) at an institutional scale.
Developer Ant Digital describes Jovay as “a scalable, AI-enhanced, compliance-focused network” designed to integrate real-world data and value flows into the decentralized financial system.
According to Jovay’s whitepaper, during testnet trials the network reached 15,700–22,000 transactions per second (TPS) and aims to achieve 100,000 TPS through node clustering and horizontal scaling.
This performance far exceeds the current Ethereum Layer 2 ecosystem, led by Coinbase-backed Base, which processes about 93 TPS according to L2Beats.
Ethereum Layer-2 ecosystem. Source: CryptoSlate, GrowThePie.
The platform employs dual proof mechanisms (a hybrid of zero-knowledge and optimistic proofs) to ensure scalability and verifiability. It also launches without a native token, signaling a focus on enterprise and institutional adoption rather than retail speculation.
A new model for institutional settlement
According to CryptoSlate, Jovay’s model operates through a five-stage pipeline — registration, structuring, tokenization, issuance, and trading.Each stage includes verification checkpoints and off-chain data confirmations, providing regulators with the same level of oversight as in traditional finance.
By integrating AntChain’s enterprise registry with Ethereum, Jovay enables two-way settlements between licensed institutions and blockchain liquidity providers.
For instance, a bank issuing digital bonds on Jovay could instantly settle with a DeFi counterparty without revealing internal data or violating jurisdictional rules.
“In China, Alipay isn’t just an app — it’s the infrastructure layer for everyday life, payments, credit, insurance, ID, mobility, and more. Now Ant Group is bringing that infrastructure to blockchain,” said Abbas Khan from the Ethereum Foundation, adding that this is another signal that the next phase of global finance is being built on Ethereum rails.
While China’s stance toward cryptocurrencies remains cautious, Jovay is well-positioned within the fast-growing RWA sector of the Ethereum ecosystem.According to RWA.xyz, the total value of tokenized treasuries, accounts, and funds on Ethereum exceeds $12 billion, up over 300% since early 2024.
As we wrote, Hong Kong advances crypto strategy with new trading platform approval
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