{"id":502970,"date":"2025-10-15T18:00:30","date_gmt":"2025-10-15T17:00:30","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=502970"},"modified":"2025-10-15T16:28:25","modified_gmt":"2025-10-15T15:28:25","slug":"ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2\/","title":{"rendered":"Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2"},"content":{"rendered":"

Ant Group<\/a> is betting that the next leap in digital finance will not happen in a bank but on Ethereum<\/a>.<\/p>\n

On Oct. 14, the Chinese fintech giant behind Alipay\u2019s 1.4 billion-user payment network launched<\/a> Jovay, a new Layer-2 (L2) blockchain built atop Ethereum to move real-world assets (RWAs) on-chain at institutional scale.<\/p>\n

What is Jovay?<\/h2>\n

Ant Digital, the blockchain division of Ant Group, describes Jovay as a \u201ccompliance-first, AI-assisted scaling network\u201d that aims to integrate real-world data and value flows into decentralized finance.<\/p>\n

The platform uses dual provers, a zero-knowledge and optimistic hybrid, to ensure both scalability and verifiability. It deliberately launches without a native token, signaling a focus on enterprise and institutional adoption rather than retail speculation.<\/p>\n

The implications are vast. Alipay has 1.4 billion monthly active users and handles trillions in payment volume annually. If even a fraction of that activity migrates to Ethereum rails through Jovay, the network could become one of global finance's most consequential infrastructure bridges.<\/p>\n

According to Jovay\u2019s technical paper<\/a>, the network achieved 15,700 \u2013 22,000 transactions per second (TPS) during testnet trials and targets 100,000 TPS through node clustering and horizontal expansion.<\/p>\n

\"Ethereum
Ethereum Layer-2 ecosystem (Source: GrowThePie)<\/figcaption><\/figure>\n

This would be significantly higher than what is currently obtainable in the Ethereum layer-2 ecosystem, which is led by Coinbase-backed Base. According to L2Beats data, Base processes roughly 93 TPS.<\/p>\n

The RWA thesis<\/h2>\n

Real-world assets (RWAs) have quietly become Ethereum\u2019s fastest-growing segment. According to RWA.xyz<\/a>, tokenized treasuries, invoices, and funds on Ethereum now exceed $12 billion in value, up more than 300% since early 2024.<\/p>\n

Yet most of that liquidity remains confined to niche protocols with limited regulatory clarity.<\/p>\n

Jovay\u2019s model introduces a five-stage pipeline: asset registration, structuring, tokenization, issuance, and trading. Each step embeds verification checkpoints and off-chain data attestations, effectively giving regulators the same line of sight they would have in traditional finance.<\/p>\n

By integrating AntChain\u2019s enterprise registry with Ethereum, Jovay could enable bilateral settlements between licensed institutions and on-chain liquidity providers.<\/p>\n

For instance, a bank issuing a digital bond on Jovay could settle instantly with a DeFi counterparty without exposing internal data or violating jurisdictional controls.<\/p>\n

Considering this, Abbas Khan, a Founders Success Manager at the Ethereum Foundation<\/a>, said<\/a>:<\/p>\n

“This isn\u2019t another startup experiment. It\u2019s a signal that the next phase of global finance is being built on Ethereum rails…In China, Alipay isn\u2019t an app; it\u2019s an infrastructure layer for daily life, payments, loans, insurance, identity, mobility, and more. And now, Ant Group is taking that infrastructure onchain.”<\/p><\/blockquote>\n

The macro bet behind Ant\u2019s blockchain<\/h2>\n

Ant Group\u2019s foray into Ethereum signals a structural shift in how global fintechs view blockchain risk.<\/p>\n

For years, major companies favored permissioned ledgers like Hyperledger to avoid volatility and public-chain exposure. That calculus is changing as governments and other major financial institutions increasingly experiment with public blockchains like Ethereum<\/a> for their own interests.<\/p>\n

By building Jovay on Ethereum rather than a proprietary network, Ant effectively validates public infrastructure as a foundation for institutional finance.<\/p>\n

Moreover, the move is a hedge against technological isolation and a play for interoperability because any asset minted on Jovay can, in principle, access Ethereum\u2019s $100-billion DeFi ecosystem.<\/p>\n

The cost profile supports the move.<\/p>\n

Reports revealed that the Coinbase-backed Base network has contributed less than $5 million<\/a> in blob and settlement fees to Ethereum\u2019s layer-1 validators since its launch in 2023. This represents a 98% margin compared to what a standalone chain would face in validator expenses.<\/p>\n

For Ant, that efficiency translates into cheaper settlements for its billion-scale user base.<\/p>\n

Ethereum\u2019s quiet victory<\/h2>\n

Jovay\u2019s debut also reflects Ethereum\u2019s slow conquest of institutional trust. What once looked like a volatile experiment has become a neutral settlement layer that banks and fintech giants can rely on without ceding control.<\/p>\n

If Jovay gains traction, Ethereum\u2019s tokenized finance share could expand beyond today\u2019s RWA niche.<\/p>\n

This would mean that every new asset class brought on-chain, including energy credits and local government bonds, will create fresh demand for ETH block space and liquidity routing.<\/p>\n

Like Khan said, Ant\u2019s move suggests that the next billion users won\u2019t arrive through memecoins or yield farming.<\/p>\n

Instead, they\u2019ll show up because their assets, savings, and credit instruments quietly migrate onto compliant rails that run on Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ant Group is betting that the next leap in digital finance will not happen in a bank but on Ethereum. On Oct. 14, the Chinese fintech giant behind Alipay\u2019s 1.4 billion-user payment network launched Jovay, a new Layer-2 (L2) blockchain built atop Ethereum to move real-world assets (RWAs) on-chain at institutional scale. What is Jovay? […]<\/p>\n","protected":false},"author":720,"featured_media":502972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,77497,37],"tags":[76807,72190,80630],"post_folder":[],"acf":[],"yoast_head":"\nAlipay's 1.4 billion users to benefit from Ant Group's Ethereum strategy<\/title>\n<meta name=\"description\" content=\"Ant Group\u2019s Jovay aims to redefine digital finance by bringing real-world assets on-chain as it launches an Ethereum-based Layer-2 network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2\" \/>\n<meta property=\"og:description\" content=\"Ant Group\u2019s Jovay aims to redefine digital finance by bringing real-world assets on-chain as it launches an Ethereum-based Layer-2 network.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-15T17:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-15T15:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/alipay-ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ethereum-to-onboard-1-4b-new-users-as-chinese-alipay-megacorp-launches-own-l2\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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