ALIPAY LAUNCHES ETHEREUM LAYER 2 “JOVAY”

Summary from the TLDR Crypto newsletter

Alipay, the world's largest fintech with over 1B users, has launched Jovay, a Layer 2 blockchain built on Ethereum through Ant Group's Ant Digital Technologies. Jovay focuses on tokenized real-world assets, instant low-cost transactions, and cross-chain value flows secured by Ethereum. The move could bring billions in tokenized assets, from supply-chain invoices to digital bonds, into DeFi liquidity pools while serving as a regulatory bridge between traditional finance and onchain markets.