Open Source · Decrypt
Solana Launches Institutional Settlement Standard With J.P. Morgan Input
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The Solana Foundation is making a direct play for institutional finance, launching an open-source program designed to let banks settle trades on the network with the certainty they expect from traditional markets.
Key facts
- The program supports SPL Token and Token-2022, including extensions regulated issuers depend on like permanent delegate, pausable tokens and transfer hooks, and has undergone external security audits
- Announced Monday, the tool, called Solana DvP, is an open-source escrow program that gives financial institutions a standardized API for delivery-versus-payment settlement, the bedrock mechanism
- The Solana Foundation is making a direct play for institutional finance, launching an open-source program designed to let banks settle trades on the network with the certainty they expect
- The foundation said J.P. Morgan provided input on institutional settlement practices that shaped the design
Summary
The Solana Foundation launched Solana DvP, an open-source escrow program giving financial institutions a standardized API for delivery-versus-payment settlement, released under the MIT license with input from J.P. Morgan. The tool compresses the multi-day clearinghouse-and-custodian process into a single atomic transaction where both the asset and payment settle together or neither does. Announced Monday, the tool, called Solana DvP, is an open-source escrow program that gives financial institutions a standardized API for delivery-versus-payment settlement, the bedrock mechanism that ensures an asset and its payment change hands simultaneously. Released under the permissive MIT license, it aims to bring that settlement guarantee to public blockchain infrastructure as a reusable standard rather than the bespoke smart contracts institutional trades have typically relied on.