Solana Foundation Launched DvP for Institutional Settlement of Tokenized Assets

• Solana Foundation has launched DvP.
• Tokenized assets will be able to settle in seconds.
• J.P. Morgan contributed to building the solution.

The nonprofit Solana Foundation unveiled Solana DvP — an open escrow program for delivery-versus-payment (DvP) settlement on the Solana network. Built with input from J.P. Morgan, the solution is designed to give banks, custodians, and exchanges a single standard for atomic settlement of tokenized assets and cash, with finality in seconds instead of the traditional one to two days.

Solana DvP Is Set to Replace Bespoke Smart Contracts

Solana DvP is released under the MIT license, and its API allows financial institutions to use an open standard for DvP. The model enables the asset and funds to move simultaneously: if one side of the trade fails, the other side does not complete either.

In traditional financial infrastructure, such transactions run through a chain of clearing houses, depositories, and custodians, which can take one to two days and tie up capital. Solana DvP aims to combine both legs of settlement into a single atomic transaction, with finality in 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 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,” noted Rhodel D’souza, head of Markets Digital Assets at J.P. Morgan.

The Program Supports Tokens for Regulated Assets

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

The system can be used by any two parties to a transaction together with a chosen settlement agent — a bank, custodian, or exchange. According to the Solana Foundation, DvP has already passed external security audits and is ready to be used with real funds.

The foundation also plans to add privacy features to the program so that trade settlements can be carried out confidentially.

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

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