Solana Foundation launches DvP to settle institutional trades in seconds
Summary
The Solana Foundation unveiled Solana DvP, an open-source program for institutions to settle asset and cash transfers atomically on-chain, with finality in seconds. Unlike traditional settlement, which can take one to two days, both sides of a trade complete together or neither does, reducing principal and counterparty risk. The standard aims to replace custom contracts used for individual on-chain trades. JPMorgan contributed settlement expertise, including requirements for deadlines, escrow isolation and regulated-token features. The Foundation says the program has passed external security audits and is ready for real funds; privacy features are planned. The launch could support institutional tokenized-asset activity on Solana.
