Solana’s Delivery-Versus-Payment Tool Tries to Remove Settlement’s Weakest Link

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: Solana DvP offers an open-source route to atomic securities settlement, with JPMorgan providing input on institutional requirements. When a security and the money paying for it move in separate steps, one party can be exposed while waiting for the other. Solana’s newly announced delivery-versus-payment programme is designed to make those two movements part of one atomic blockchain transaction. Released by the Solana Foundation on October 6 under the MIT licence, the tool offers isolated escrow, time limits and support for SPL Token and Token-2022 assets. It aims to provide a reusable standard for banks and other institutions rather than forcing each project to build a bespoke settlement contract. JPMorgan provided feedback on settlement practices. That should not be described as the bank op...