Solana Foundation targets settlement in seconds with DvP launch
Summary
The Solana Foundation launched Solana DvP, an open-source settlement API for financial institutions. It is designed to transfer securities and payment in one all-or-nothing transaction, potentially reducing settlement from one or two days to seconds and limiting settlement risk and counterparty exposure. The program offers a reusable alternative to custom smart contracts. JPMorgan contributed input on institutional requirements. The launch is part of wider blockchain settlement efforts, following a 2025 cross-chain DvP pilot by Chainlink, JPMorgan’s Kinexys and Ondo Finance, and a separate Payward partnership enabling round-the-clock dollar settlement for some institutional clients.
