Solana Foundation unveils a program to settle institutional trades in seconds. JPMorgan gave input

The Solana Foundation has launched Solana DvP, an open-source program designed to settle asset transfers and payments together in a single on-chain transaction, delivering finality within seconds. The foundation positions the standard as a replacement for the custom, one-off smart contracts institutions currently build to settle trades on public blockchains, with the goal of reducing counterparty or principal risk inherent in delayed settlement flows. Solana DvP implements atomic settlement, meaning both legs of a trade execute together or not at all, eliminating scenarios where one party could receive assets while the other does not receive payment. The foundation says the program has completed external security audits and is ready for use with real funds, and it plans to add privacy features that institutional market participants have identified as important for adoption. J.P. Morgan provided inputs to the project, sharing decades of settlement experience to help shape requirements around deadlines, escrow isolation, and token extensions used by regulated issuers. The DvP work incorporates features tied to Solana’s Token-2022 standard, including support for pausable tokens and transfer hooks that issuers and custodians commonly need. The foundation notes that Solana DvP is an open standard running on public infrastructure, contrasting with other institutional DvP efforts that have used permissioned or hybrid approaches. The announcement cited examples of similar work: J.P. Morgan’s Kinexys tested a cross-chain DvP with Ondo Finance on a public testnet, and ClearToken has implemented DvP on the permissioned, privacy-enabled Canton Network. Solana’s release aims to make atomic settlement a repeatable, auditable option for tokenized asset flows on its network.