TLDR
- Solana Foundation launched Solana DvP, an open-source program for settling institutional trades on-chain.
- The program settles both sides of a trade together in seconds instead of one to two days.
- JPMorgan gave input on institutional settlement requirements during development.
- The program replaces custom smart contracts with one open standard under the MIT license.
- Solana DvP has passed security audits and is ready for use with real funds.
Solana Foundation introduced a new program on Monday that lets financial institutions settle trades faster on the blockchain. The program is called Solana DvP.
Solana just launched an open source settlement standard for financial initiations
The interesting part isn't just 'seconds instead of days'
J.P. Morgan helped shape the settlement requrements
That tells me the competition is moving beyond crypto transactions
It's becoming… pic.twitter.com/8xB81a5FK1
— 𝙁𝙧𝙤𝙨𝙩 (@FroITIA) October 6, 2026
DvP stands for delivery-versus-payment. It is a settlement method already used in traditional finance. Under this method, an asset and its payment move together. If one side fails, the other side does not happen either.
In normal markets, this process goes through clearinghouses, depositories, and custodians. It usually takes one to two business days to finish. Solana DvP compresses that into a single transaction. Both sides complete at the same time, and it finishes in seconds.
One Standard Instead of Custom Contracts
Before this program, institutions settling trades on-chain often built their own smart contracts for each deal. A smart contract is software on a blockchain that carries out an agreement automatically once conditions are met.
Solana DvP removes the need for separate contracts. It offers one reusable standard instead. The program is released under the MIT open-source license, so any institution can use it without paying licensing fees.
“Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, head of product for digital assets at the Solana Foundation. She said the program gives institutions one open standard across the Solana network with finality in seconds.
The program also supports token standards that regulated issuers already use. This includes pausable tokens, which let administrators freeze transfers if needed. It also includes transfer hooks, which give compliance teams more control over how tokens move.
JPMorgan’s Role in the Program
JPMorgan helped shape the program, though its role was advisory. The bank’s digital assets team shared years of settlement expertise during development.
This input helped guide decisions around deadlines, escrow isolation, and the token features regulated issuers need.
“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale,” said Rhodel D’souza, head of markets digital assets at JPMorgan.
Solana is already connected to other tokenization deals involving institutions. One example is a JPMorgan-arranged commercial paper deal for Galaxy Digital, which settled using USDC.
Solana DvP is not the only program of its kind. JPMorgan’s own platform, Kinexys, has tested a cross-chain DvP trade with Ondo Finance. That test connected JPMorgan’s permissioned payment system with the public Ondo Chain testnet.
ClearToken has also launched DvP settlement. It runs on the Canton Network, a system built for privacy and regulation.
What sets Solana DvP apart is that it runs as an open standard on public infrastructure. Any two counterparties can use it, and they can pick any settlement agent, including a bank, custodian, or exchange.
The Solana Foundation said the program has already passed external security audits. It is ready for use with real funds right now.
The Foundation also plans to add privacy features later. These would let institutions keep trade details confidential while still settling on public infrastructure.
At a Hong Kong conference earlier this year, institutions said privacy tools are key for wider blockchain adoption. That remains a focus as Solana DvP moves toward broader use.
The Solana Foundation is currently inviting design partners and early participants. This comes ahead of a wider rollout of the program.
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