The nonprofit Solana Foundation has unveiled Solana DvP, an open escrow program for delivery-versus-payment settlement on the Solana network. Built with input from J.P. Morgan, the program is designed to give banks, custodians and exchanges a common standard for settling tokenized assets and cash atomically, with finality in seconds rather than the traditional one to two days.

An open standard for atomic settlement

Solana DvP is available under the MIT license. Its API allows financial institutions to use an open DvP standard instead of building bespoke smart contracts.

The model allows an asset and the corresponding funds to move simultaneously. If either side of a trade fails, the other side does not complete.

Traditional financial infrastructure routes such transactions through clearing houses, depositories and custodians, a process that can take one to two days and tie up capital. Solana DvP aims to combine both legs of settlement in one atomic transaction and provide finality within seconds.

“Atomic settlement removes counterparty risk that is inherent in traditional finance. Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days,” said Catherine Gu, head of Digital Assets at Solana Foundation.

J.P. Morgan provided the Solana Foundation with insights into institutional practices and settlement requirements.

“A shared, open standard for atomic delivery-versus-payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure,” said Rhodel D’souza, head of Markets Digital Assets at J.P. Morgan.

Support for regulated assets

Solana DvP supports the SPL Token and Token-2022 standards, including extensions that regulated issuers can use. Those features include permanent delegates, tokens with pause functionality and transfer hooks.

Any two parties to a transaction can use the system with a chosen settlement agent, which may be a bank, custodian or exchange. According to the Solana Foundation, the program has passed external security audits and is ready for use with real funds.

The foundation also plans to add privacy features so that trade settlements can be conducted confidentially.

The launch extends the Solana Foundation’s efforts to develop institutional infrastructure. Earlier in 2026, the organization launched DeFi security initiatives with Asymmetric Research and introduced the Agent Skills toolkit for developers. In August, foundation representatives discussed securities tokenization on a local exchange with Serbia’s finance minister, Siniša Mali.

Source: Incrypted