Markets Solana Foundation Launches Instant Trade Settlement Program with JPMorgan's Expertise

Solana Foundation has introduced Solana DvP, a groundbreaking open-source program enabling institutions to settle trades in mere seconds, with input from JPMorgan.

By Omkar Godbole, AI Boost Updated Oct 6, 2026, 12:48 a.m. EDT Published Oct 6, 2026, 12:23 a.m. EDT 3 min read Make preferred on Share Share this article Copy link X (Twitter) LinkedIn Facebook Email Make preferred on

Solana DvP enables trade settlements in seconds. (Shubham Dhage/Unsplash)
  • The Solana Foundation has launched Solana DvP, an open-source program designed to facilitate on-chain asset and payment transfers within seconds, thereby minimizing counterparty risk.
  • This externally audited standard aims to streamline institutional settlement processes, replacing custom contracts and promoting the adoption of tokenized assets across Solana.
  • JPMorgan contributed its settlement expertise to the initiative, while the foundation is also planning to introduce privacy features desired by institutional traders.

The Solana Foundation, a non-profit organization focused on enhancing the decentralization, growth, and security of the Solana smart contract blockchain, is tackling the longstanding issue of settlement risk prevalent in traditional finance.

On October 6, the Foundation revealed Solana DvP, a novel open-source delivery-versus-payment program that allows institutions to settle trades "atomically on-chain" in seconds instead of the typical days.

In conventional markets, the transfer of assets and cash typically involves a series of clearinghouses and custodians, taking one to two days and tying up capital, which introduces principal risk. Solana DvP simplifies this process into a single atomic transaction, ensuring that both asset and cash settle simultaneously, or neither does.

In simpler terms, this means institutions no longer have to rely on their counterparties to fulfill their end of the deal later. The trade is either completed instantly in full, or it does not occur at all, which effectively removes the risk of one party defaulting after receiving the asset or cash.

This program also replaces the current fragmented approach that institutions use for on-chain trade settlements, which often requires them to develop custom smart contracts for each individual transaction.

“Atomic settlement eliminates the counterparty risk that is a fundamental aspect of traditional finance. The Solana DvP program offers institutions a unified open standard within the Solana ecosystem, utilizing public infrastructure to ensure settlement finality in seconds rather than days,” stated Catherine Gu, head of product for Digital Assets at Solana Foundation, in a press release to CoinDesk.

By enabling quicker and safer settlement processes, the program reduces the friction costs associated with on-chain value transfers, which is essential for the growth of tokenized assets.

Solana is already involved in significant tokenization initiatives with institutions, including a deal arranged by JPMorgan for Galaxy Digital involving commercial paper settled in USDC. An open, audited DvP standard could transform these isolated transactions into routine operations.

The project also benefited from input from JPMorgan, which provided extensive settlement-related knowledge, helping to define requirements regarding deadlines, escrow isolation, and token extensions that regulated issuers depend upon, such as pausable tokens and transfer hooks that are part of Solana’s enhanced token standard, Token-2022.

Pausable tokens are crypto tokens equipped with an emergency-stop feature that allows administrators to freeze transfers when necessary.

“A unified, open standard for atomic delivery-versus-payment is exactly what institutional market participants need to operate at scale without introducing settlement risk and counterparty exposure. We were glad to contribute our settlement knowledge,” said Rhodel D'souza, head of digital assets markets at JPMorgan.

While Solana’s DvP may not be the first of its kind, it is distinctive as an open standard built on public infrastructure. JPMorgan’s Kinexys has previously tested a cross-chain DvP transaction with Ondo Finance, connecting its permissioned payment infrastructure with the public Ondo Chain testnet. Similarly, ClearToken has launched DvP settlements utilizing its fully permissioned and regulated applications atop the decentralized, privacy-focused Canton Network.

The Foundation has confirmed that the DvP program has undergone external security audits and is prepared for real fund transactions, with plans to implement privacy features to keep settlements confidential. During the Consensus Hong Kong event in February this year, institutions emphasized that strong privacy measures are crucial for the widespread adoption of blockchain technology among institutional players.

Solana News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.