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      Solana Introduces Open-Source DvP Program for Institutional Trade Settlement

      Solana has launched an open-source delivery versus payment (DvP) program designed for institutional trade settlements. This new program allows institutions to execute trades involving tokenized securities and USDC in a single step, achieving settlement finality in seconds rather than the traditional one to two days. The DvP mechanism ensures that both the asset and payment are exchanged simultaneously, effectively eliminating counterparty risk.

      The implementation of the DvP program leverages Solana's SPL Token-2022 extensions, which incorporate additional features directly into the token. This setup allows for compliance measures, such as whitelisting, ensuring that only approved wallets can hold or receive the tokenized assets. The program has already been tested successfully, with J.P. Morgan facilitating a $50 million commercial paper issuance for Galaxy Digital Holdings LP on the Solana blockchain in December 2025, utilizing the DvP functionality for both issuance and redemption.

      The launch of the DvP program is part of a broader initiative by Solana to enhance its developer platform, which was introduced in March 2026. Major financial institutions, including Morgan Stanley, BNY Mellon, State Street, and Société Générale, have begun piloting solutions that utilize Solana's capabilities for asset workflows. By making the DvP program open-source, Solana aims to lower barriers for institutions to adapt and implement the technology without the need for proprietary licenses, potentially increasing the demand for USDC as a settlement asset.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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