Ant Digital Technologies, the company behind Alibaba and Alipay, has quietly launched Jovay, a new Ethereum Layer 2 network designed for real-world asset (RWA) tokenization. The move, which flew under the radar until recently, positions one of China’s largest fintech players at the center of Ethereum’s scaling ecosystem.
According to crypto investor Ryan Sean Adams, Jovay appears to operate as a zkRollup, marking Ant Digital’s direct entry into the Ethereum ecosystem without any formal coordination with the Ethereum Foundation.
In a joint announcement, Chainlink confirmed that Jovay has integrated its Cross-Chain Interoperability Protocol (CCIP) and Data Streams as core infrastructure. The partnership makes Chainlink the official oracle provider for Jovay, ensuring real-time market data and secure cross-chain communication.
Chainlink’s infrastructure will allow Jovay to facilitate sub-second data delivery, high-speed asset transfers, and cross-chain tokenization workflows.
These capabilities cater to institutional-grade use cases requiring high speed and data accuracy. Jovay currently handles 20,000 TPS, with plans to scale to 100,000 TPS.
Chainlink CCIP and Data Streams are backed by the same decentralized network securing over $100 billion in DeFi and enabling tens of trillions in onchain value to date.
Standard Chartered forecasts the tokenized RWA market will expand from $24 billion in 2025 to $30 trillion by 2034, a scale that demands reliable, secure, and globally interoperable infrastructure.
The lines between traditional finance and decentralized networks continue to blur. As enterprises build directly on Ethereum without intermediaries, the blockchain’s role as global financial infrastructure is becoming less speculative.
