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      Solana Introduces Open Settlement Standard for Financial Institutions with Input from JPMorgan

      The Solana Foundation has launched Solana DvP, an open-source program aimed at enabling banks and financial institutions to settle trades of tokenized assets on the Solana blockchain in a single transaction. Announced on October 5, 2026, in New York, the initiative received input from JPMorgan regarding institutional settlement practices during its development.

      Solana DvP operates as an escrow program under the MIT license, allowing any entity to use and adapt it without incurring licensing fees. The program facilitates delivery-versus-payment (DvP) settlements, ensuring that asset and cash transfers occur simultaneously, thereby minimizing counterparty risk. Traditional settlement processes typically take one to two days, while Solana DvP aims to achieve finality in seconds, supporting Solana's standard token formats, including features necessary for regulated issuers.

      While the program is positioned as a significant advancement for on-chain settlements, JPMorgan clarified that its involvement was limited to providing advice on settlement practices and does not imply that the bank will utilize Solana DvP for its own trades. The foundation is currently seeking design partners and early participants ahead of a full production release, highlighting the importance of adoption for the program's success. The first institution to conduct a live trade using Solana DvP will be a key indicator of the program's acceptance in the financial sector.

      © 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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