Ant Digital Promotes Blockchain Platform for Asset Tokenisation in Hong Kong
Brief news summary
Ant Digital Technologies, a subsidiary of Chinese fintech giant Ant Group, is actively promoting its blockchain platform for asset tokenisation in Hong Kong, following the recent implementation of the city’s stablecoin law. At a recent event, Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital, described Ant’s role as a “portal” bridging Web2 and Web3, aiming to provide more credible assets to Web3 and compliant capital to Web2. In April, Ant Digital introduced Jovay, a fully self-developed Layer 2 public blockchain designed specifically for real-world asset (RWA) transactions in overseas markets, notable for not issuing cryptocurrencies. The company plans to officially launch Jovay in September, enabling it to process “real money” transactions, marking a significant step in integrating blockchain technology with traditional financial systems.Ant Digital Technologies, a subsidiary of Chinese fintech giant Ant Group, is actively promoting its blockchain platform for asset tokenisation in Hong Kong, shortly after the city’s stablecoin law came into effect. At an event in Hong Kong on Thursday, Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital, described Ant as a “portal” bridging Web2 and Web3 by “providing more credible assets to Web3 and more compliant capital to Web2. ” In April, Ant Digital unveiled Jovay, a “completely self-developed” Layer 2 public blockchain that does not issue cryptocurrencies, according to Bian.
Designed specifically for real-world asset (RWA) transactions in overseas markets, Jovay was introduced in a company blog post at that time. The firm plans to officially launch Jovay in September, enabling it to handle “real money, ” Bian added.
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Ant Digital Promotes Blockchain Platform for Asset Tokenisation in Hong Kong
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