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Ant Digital, an affiliate of Chinese fintech giant Ant Group, is promoting its blockchain platform for asset tokenisation in Hong Kong, a week after the city’s stablecoin law came into effect.
Ant is positioning itself as a “portal” that connects Web2 and Web3, “providing more credible assets to Web3 and more compliant capital to Web2”, Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital, said at an event in Hong Kong on Thursday.
Ant Digital in April announced Jovay, a “completely self-developed” Layer 2 public blockchain that does not issue cryptocurrencies, Bian said. Jovay was specifically built for RWA transactions in overseas markets, Ant Digital said in a blog post then.
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The company planned to officially launch Jovay in September, at which point it would be able to run “real money”, Bian added.
