Ant Digital Technologies, a subsidiary of the Chinese group Ant Giant Ant, promotes its blockchain platform for the tokenization of assets in Hong Kong, a week after the entry into force of the city’s stable law.
Ant is positioned as a “portal” that connects web2 and web3, “offering more credible assets to web3 and more capital compliant with web2,” Bian Zhuoqun, vice-president of Ant Group and president of Blockchain Business in Ant Digital on Thursday, during an event in Hong Kong.
Ant Digital in April announced Jovay, a public blockchain in layer 2 “completely self-developed” which does not publish cryptocurrencies, said Bian. Jovay was specifically designed for RWA transactions on markets abroad, said Ant Digital in a blog article.
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What is the media threshing in Stablecoins?
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The company planned to officially launch Jovay in September, when it would be able to manage “real money”, added Bian.
