Ant Group affiliate aims to promote blockchain technology for the tokenisation of real-world assets, executive says
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.
What’s the hype about stablecoins?
