Solana Foundation Launches Atomic DvP Settlement Tool With JPMorgan Input

TL;DR The Solana Foundation has launched Solana DvP, an open-source delivery-versus-payment settlement program for financial institutions. The MIT-licensed tool is designed to settle the asset and cash legs of a transaction atomically through isolated escrow. JPMorgan provided input on institutional settlement practices, but the program is a Solana Foundation release rather than a JPMorgan product. The Solana Foundation is putting a piece of traditional securities-market plumbing directly onchain. Solana DvP, announced on October 6, is an open-source escrow program designed to let financial institutions settle delivery-versus-payment transactions in a single atomic process. JPMorgan provided input on institutional settlement requirements as the system was developed. Delivery And Payment Move Together Delivery versus payment is a basic idea with large operational consequences. In a securities transaction, one party needs to deliver the asset while the other delivers the cash. If those two legs settle separately, each side carries the risk that one movement completes while the other does not. Solana DvP is designed to make the two legs conditional on each other. The program uses isol...