Solana launches open-source DvP program for institutional trade settlement
Image: Crypto BriefingThe Solana Foundation has released an open-source delivery versus payment (DvP) program for institutional trade settlement. The tool uses atomic transactions to settle tokenized assets and payments in a single step, with finality in seconds rather than the one to two days common in traditional finance. The framework is built to reduce counterparty risk in institutional asset trades. It supports Solana's upgraded token standard with features for regulated assets.
Key points
- Solana launched an open-source delivery versus payment (DvP) program for institutional trade settlement
- The DvP tool uses atomic transactions to settle tokenized assets and payments in seconds, cutting traditional settlement times from one to two days
- The DvP framework is built to reduce counterparty risk in institutional asset trades
- The DvP system supports Solana's upgraded token standard with features for regulated assets
Why it matters
The tool provides institutions with a shared open standard for fast, low-risk on-chain settlement of tokenized assets. Major financial firms including Morgan Stanley, BNY and State Street have already piloted Solana's asset workflow tools.
What's unclear
One report references an unnamed 'Morgan' as arranger of a Galaxy Digital Solana commercial paper issuance, with no clarification on the entity's identity
Price context · SOL
At publication
$119.75
Now
$120.50
Change since
+0.63%
7 days · dashed line = publication
Sources · 4 publishers
Coinpedia
Tier 3
Solana Launches DvP With JPMorgan Input to Cut Settlement From Days to Seconds
CoinCentral
Tier 3
Solana Launches Instant Trade Settlement Program With JPMorgan’s Help
Blockonomi
Tier 3
Solana Foundation Unveils DvP Protocol to Slash Trade Settlement From Days to Seconds
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Coinpedia
- CryptoVideos brief published
- 2 more publishers added to sources
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
