NewsBTC
Follow
Solana Foundation Launches Atomic DvP Settlement Tool With JPMorgan Input
The Solana Foundation has introduced Solana DvP, an open-source program for financial institutions. This program enables delivery-versus-payment settlement in a single, atomic process. It utilizes isolated escrow to link the asset and cash components of a transaction. While JPMorgan offered valuable input on institutional settlement practices, the program itself is a Solana Foundation initiative. Solana DvP aims to bring traditional securities market infrastructure onto the blockchain. The system ensures that the delivery of an asset and the payment for it happen simultaneously and conditionally. This prevents the risk of one leg settling while the other fails. The code is released under an MIT license, making it a reusable tool for institutions and developers. JPMorgan's involvement was collaborative, contributing insights into institutional expectations. The Solana Foundation developed and launched Solana DvP as an on-chain settlement primitive. This infrastructure provides a tangible option for financial institutions to test against a familiar settlement model. The adoption and integration of this program with existing financial systems will be crucial for its success.