- Solana DvP allows big companies to complete trades in seconds or days.
- JPMorgan shared its knowledge about how to settle trades, with Solanas open-source DvP standard.
- The program aims to reduce risks with companies and help more people use tokenized assets.
The Solana Foundation has launched an open-source delivery-versus-payment (DvP) program designed to help financial institutions settle trades in seconds rather than days.
On October 6, Solana DvP was revealed. Solana DvP lets banks and other big investors finish both the asset and cash parts of a trade at the same time on the Solana blockchain. Both sides of a trade finish together. Neither side finishes, so it cuts down the chance that one side gives an asset and does not get paid.
Traditional financial markets can take one or two days before the trade is finished. In those markets, assets and cash move through clearinghouses, custodians and other middlemen. That can lock up money. Put partners at risk of not getting paid or losing value.
JPMorgan-backed Solana DvP Aims To Cut Trade Settlement From Days To Seconds
Solana DvP combines those settlement steps into a single on-chain transaction. The Foundation says the program also provides a common standard for institutions, replacing the need to build custom smart contracts for individual trades.
Solana DvP is MIT-licensed, permissionless, externally audited and works with any settlement agent. We’re welcoming design partners ahead of the production release.
Learn more: https://t.co/h2CnXZVJbv
— Solana Foundation (@SolanaFndn) October 6, 2026
“Atomic settlement removes counterparty risk that is inherent in traditional finance,” Catherine Gu, head of product, Digital Assets at the Solana Foundation, said in a press release. She added that the program provides an open standard across the Solana ecosystem with finality in seconds rather than days.
The launch comes as financial institutions continue testing blockchain-based settlement and tokenized assets.
Solana has already been used in institutional tokenization projects, including a J.P. Morgan-arranged commercial paper transaction for Galaxy Digital that settled using USDC. The Foundation believes a standardized DvP framework could help move such blockchain-based transactions beyond one-off experiments.
JPMorgan Input Strengthens Solana’s New DvP Settlement Standard
JPMorgan also contributed settlement expertise to the Solana DvP project. Its input helped shape requirements covering settlement deadlines, escrow isolation and token features used by regulated issuers.
Those features include pausable tokens and transfer hooks available through Solana’s Token-2022 standard. Pausable tokens allow authorized administrators to temporarily stop transfers during an emergency or when regulatory action is required.
“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale,” Rhodel D’souza, head of markets digital assets at J.P. Morgan, said.
Solana is not the only blockchain ecosystem exploring DvP. JPMorgan’s Kinexys has tested cross-chain DvP involving Ondo Finance, while ClearToken has launched DvP settlement applications on the Canton Network.
The Solana Foundation said its DvP program has undergone external security audits and is ready for real-funds settlement. Privacy features are also planned, addressing one of the major concerns institutions have raised about using public blockchains for financial transactions.
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