Ant Group-Backed Jovay Network Integrates Chainlink as Official Oracle Infrastructure

Jovay Network, developed by Ant Digital Technologies, announced it has integrated Chainlink as its official oracle infrastructure to enhance its real-world asset (RWA) trading capabilities. The Ethereum Layer 2 blockchain, designed for institutional-grade RWA markets, will adopt Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Data Streams technology to deliver high-speed, low-cost transactions.

Ant Digital Technologies, a subsidiary of Chinese fintech giant Ant Group, launched Jovay as a specialized blockchain solution tailored for tokenizing and trading real-world assets. The platform aims to bridge traditional finance with decentralized finance by enabling institutions to access crypto markets through compliant infrastructure. Ant Group, which operates Alipay and serves over one billion users globally, has been expanding its blockchain initiatives despite regulatory challenges in China's crypto sector. 

The partnership centers on Chainlink's advanced oracle services, which will provide Jovay with reliable market data feeds essential for RWA transactions. Chainlink Data Streams will deliver real-time price information, while CCIP will enable secure cross-chain connectivity between Jovay and other blockchain networks. This integration allows institutional investors to access tokenized assets with the same data reliability standards used in traditional financial markets.

Jovay's focus on real-world assets positions it within a growing sector that has attracted significant institutional interest. The RWA tokenization market has expanded rapidly in 2024, with platforms seeking to digitize everything from real estate to commodities. Chainlink has emerged as a preferred oracle provider for RWA projects due to its established track record in delivering secure, tamper-proof data feeds.

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