Alibaba’s subsidiary Ant Digital has announced the launch of a proprietary Ethereum Layer 2 (L2) solution focused on the tokenization of real-world assets, scheduled for release in the third quarter of 2025. This new L2 is built on an EVM-compatible codebase and employs dual Layer 1 proofs using zero-knowledge (zk) technology and Trusted Execution Environments (TEE). The platform will be publicly accessible for anyone to use. This development underscores Ethereum’s position as the preferred blockchain infrastructure for major global institutions entering the onchain economy. Notably, BlackRock is actively tokenizing assets on Ethereum’s mainnet, while Deutsche Bank, based in Germany, is also developing its own Ethereum L2 solution. Industry experts anticipate that within five years, many Fortune 500 companies will establish their own blockchains, with a trend toward Bitcoin Layer 2 solutions emerging alongside Ethereum-based projects. These moves highlight Ethereum’s role as a secure, reliable, and widely adopted decentralized cloud operating system backed by its native token, ETH.