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Alibaba and OSL: Blockchain, Trillions, and Green-Energy Tokens — What Could Go Wrong?

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On RWAs, Torpor, and Fashionable Excitement… RWAs, once as unremarkable as a telegram from the tax office, are now declared the “hottest trends” of 2025. Deloitte, that oracle of dry statistics, projects their value will soar to $4 trillion by 2035. One can only assume that, at some point, accountants will be toasted as visionaries in smoky Petersburg cafés.

Not just fresh, hopeful projects with buzzing telegram groups and ambitious roadmaps. Titans like Blackrock, no longer content with their mountain of assets, are rummaging for more, hoping to catch this mysterious RWA train before it careens off somewhere new.

And now, OSL—a company as publicly listed as the complaints ledger of a provincial post office—has made a major move. Or so they claim with the same gusto with which one might announce a winter diet.

OSL has clasped hands with Ant Digital Technologies during the recent RWA REAL UP Dubai Summit, a gathering where new acronyms are invented for sport.

Our gentle reader will delight in this: the purpose is, naturally, to lace the regulatory laces of OSL with the blockchain socks of Alibaba’s Ant. The endgame? To drive the carriage of institutional adoption, presumably through the same bumpy streets where revolutionary ideas get lost.

OSL & Ant Digital Technologies have officially joined forces to drive the institutional future of Real-World Asset (RWA) tokenisation.

Announced at the RWA REAL UP Dubai Summit, this partnership combines Ant’s blockchain tech with OSL’s regulated infrastructure to deliver a…

— OSL (@osldotcom) May 2, 2025

Of Jovay, and Enterprising Names

Ant Digital Technologies, formerly AntChain, a name surely devised by a committee meeting well past closing time, is the pet project of Ant Group—Alibaba’s cousin who turned up at the family reunion with a laptop and a plan for distributed storage.

Their expertise? Privacy, distributed ledgers, and digital identity—everything you need should you wish to remain totally anonymous while buying a digital yak in Inner Mongolia.

Until recently Ant stuck to “permissioned chains.” This is the blockchain equivalent of a garden party to which only approved aunts receive an invitation. Now, with OSL, they stride into the unruly public Layer-2 landscape, looking slightly alarmed.

A depiction of the future, or maybe just an artist’s attempt at confusion.

Jovay: A Name for Posterity, or a Washbasin?

Coingape—yes, the name is unfortunate, but we soldier on—reports that Jovay is Ant Digital’s new Ethereum Layer2 chain, unveiled in Dubai with all the solemnity of a czar announcing a new railway stop. The notion? To take mundane things—solar panels, EV charging stations, battery packs—and enshrine them eternally as tradeable digital tokens.

No word yet on who shall dust these tokens or whether their electrons will develop skepticism.

Jovay’s mind, if one may call software that, is the DTVM (DeTerministic Virtual Machine): Wasm-based, EVM-compatible, and possibly able to outwit municipal bureaucrats. Sprinkle in a little AI via something called SmartCogent, and you have smart contracts with impeccable memory—just what every romantic engagement needs.

Automation, lifecycle management, dizzying throughput: in Jovay, the assets of the world will flit across borders, contracts trailing after them like Chekhovian uncles at a wedding.

Already, Ant Digital claims 14 million green energy devices buzzing along, attached to this chain—whether from enthusiasm or something more sinister, who can say? Either way, it is, they assure us, the “world’s largest platform of its kind.” The “kind” remains delightfully vague.

Will Green Finance Now Bloom? (Or at Least Sprout?) 🌱😂

Jovay’s Layer2 chain, with its trusty DTVM engine, may change blockchain forever. Or at least until Thursday supper.

Previously, financing green infrastructure was a sluggish affair, best enjoyed with a lukewarm cup of tea. Regional, fragmented, and with about as much life as Aunt Varya’s tray of tea biscuits.

Tokenizing renewables could bring new vigor—swifter liquidity, global trading of energy devices, and, perhaps, more summit dinners in Dubai. All the while, OSL and Ant rejoice, expecting RWA market euphoria… or at least brisker business in their LinkedIn notifications.

The future, we are assured, is bullish. In fact, it may be positively bovine.

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2025-05-02 15:59

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