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.
Ant Digital the company behind Alibaba (China's Amazon) and Alipay – a Chinese super wallet with 1.3 billion users is building an Ethereum L2.
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) October 15, 2025
Looks like a zkRollup.
This has been under the radar, no hype. I'm doubtful there was any BD deal here – likely they didn't even talk… pic.twitter.com/rx17J2qHwf
Jovay integrates Chainlink for cross-chain and market data
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.
🌐Jovay joins hands🤝 with @ethereum to build the next era of Layer 2.
— Jovay Network (@JovayNetwork) October 14, 2025
This is not just a step into the Ethereum ecosystem — it’s the beginning of a broader future.✨
Let’s build the next chapter together!#Ethereum#Layer2#Jovay#RWA#Web3pic.twitter.com/Lg7Xe73uNF
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.
Building a bridge for institutional RWA adoption
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.