Alipay’s Layer 2 Is the Most Bullish Signal for Ethereum Yet
Alipay, the world’s largest fintech app with over a billion users, has launched Jovay, a Layer 2 blockchain built on Ethereum.
This isn’t another startup experiment. It’s a signal that the next phase of global finance is being built on Ethereum rails.
Alipay is the payments arm of Ant Group, the fintech giant born from Alibaba.
They process trillions of dollars in payments each year, serve over a billion users, and operate one of the world’s most advanced digital finance ecosystems.
In China, Alipay isn’t an app; it’s an infrastructure layer for daily life, payments, loans, insurance, identity, mobility, and more.
And now, Ant Group is taking that infrastructure onchain.
@JovayNetwork is an Ethereum Layer 2 developed by Ant Digital Technologies, the enterprise blockchain arm of Ant Group.
According to its description, Jovay focuses on tokenizing real-world assets (RWAs), enabling instant, low-cost transactions, and integrating cross-chain value flows with institutional-grade security.
In simpler terms: Jovay is the infrastructure layer where regulated assets meet open blockchains.
Ant Group could have built on anything.
They could have gone private chain, built their own stack, or used a permissioned network.
Instead, they chose Ethereum, the most decentralized, secure, and composable settlement layer in the world.
That decision isn’t technical; it’s ideological. It means the largest fintech in the world now trusts Ethereum’s architecture to host real financial assets.
This is the first time we’re seeing a trillion-dollar fintech building directly on Ethereum infrastructure.
It means:
✦ Mainstream onboarding: Alipay users could soon interact with Ethereum-native assets without realizing it.
✦ RWA liquidity: Billions in tokenized invoices, supply chain assets, and digital bonds could flow into DeFi liquidity pools.
✦ Regulatory bridge: Jovay could serve as a compliant, high-trust interface between global capital markets and onchain ecosystems.
✦ Enterprise confidence: Ethereum has become the default trust layer for global institutions.
For years, critics said no major institutions would ever touch Ethereum.
And yet here we are, the world’s largest payment company is building its future on an Ethereum Layer 2.
This is what winning looks like, slowly and then all at once.
Billions of users won’t “enter crypto” through speculation.
They’ll enter because their money, identity, and assets will simply exist on secure rails.
Jovay is the quiet start of that transition, where traditional finance stops competing with crypto and starts merging with it.
The next billion users won’t even know they’re on Ethereum.
But we will.
Alipay, the world’s largest fintech app with over a billion users, has launched Jovay, a Layer 2 blockchain built on Ethereum.
This isn’t another startup experiment. It’s a signal that the next phase of global finance is being built on Ethereum rails.
Alipay is the payments arm of Ant Group, the fintech giant born from Alibaba.
They process trillions of dollars in payments each year, serve over a billion users, and operate one of the world’s most advanced digital finance ecosystems.
In China, Alipay isn’t an app; it’s an infrastructure layer for daily life, payments, loans, insurance, identity, mobility, and more.
And now, Ant Group is taking that infrastructure onchain.
@JovayNetwork is an Ethereum Layer 2 developed by Ant Digital Technologies, the enterprise blockchain arm of Ant Group.
According to its description, Jovay focuses on tokenizing real-world assets (RWAs), enabling instant, low-cost transactions, and integrating cross-chain value flows with institutional-grade security.
In simpler terms: Jovay is the infrastructure layer where regulated assets meet open blockchains.
Ant Group could have built on anything.
They could have gone private chain, built their own stack, or used a permissioned network.
Instead, they chose Ethereum, the most decentralized, secure, and composable settlement layer in the world.
That decision isn’t technical; it’s ideological. It means the largest fintech in the world now trusts Ethereum’s architecture to host real financial assets.
This is the first time we’re seeing a trillion-dollar fintech building directly on Ethereum infrastructure.
It means:
✦ Mainstream onboarding: Alipay users could soon interact with Ethereum-native assets without realizing it.
✦ RWA liquidity: Billions in tokenized invoices, supply chain assets, and digital bonds could flow into DeFi liquidity pools.
✦ Regulatory bridge: Jovay could serve as a compliant, high-trust interface between global capital markets and onchain ecosystems.
✦ Enterprise confidence: Ethereum has become the default trust layer for global institutions.
For years, critics said no major institutions would ever touch Ethereum.
And yet here we are, the world’s largest payment company is building its future on an Ethereum Layer 2.
This is what winning looks like, slowly and then all at once.
Billions of users won’t “enter crypto” through speculation.
They’ll enter because their money, identity, and assets will simply exist on secure rails.
Jovay is the quiet start of that transition, where traditional finance stops competing with crypto and starts merging with it.
The next billion users won’t even know they’re on Ethereum.
But we will.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
