New York – – October 05, 2026 -- Solana Foundation launched Solana DvP, an open-source delivery-versus-payment escrow program that compresses securities settlement from one to two days into a single atomic transaction settled in seconds.
Solana DvP replaces bespoke smart contracts with one standard settlement rail
Released under the MIT license, the API provides atomic settlement, isolated escrow, and enforced deadlines for institutional trades on Solana's public blockchain. Until now, institutional onchain trades relied on custom-built smart contracts rather than a shared standard.
J.P. Morgan contributed securities settlement expertise to shape institutional requirements
J.P. Morgan provided input on institutional settlement practices that informed the program's design from inception, according to the Solana Foundation. Rhodel D'souza, Head of Markets Digital Assets at J.P. Morgan, said a shared, open standard for atomic delivery-versus-payment is the foundational infrastructure institutional market participants need to operate at scale without settlement risk or counterparty exposure. J.P. Morgan's role was limited to providing input and does not constitute endorsement, development, or operation of the program.
Both settlement legs move together or not at all, eliminating principal risk
Delivery-versus-payment ensures asset and cash transfer simultaneously, eliminating the principal risk inherent in traditional multi-day clearing chains involving clearinghouses, depositories, and custodians. Catherine Gu, Head of Product, Digital Assets at Solana Foundation, said atomic settlement removes counterparty risk present in traditional finance and provides institutions with one open standard across the Solana ecosystem with finality in seconds instead of days.
Program supports SPL Token and Token-2022 with regulated-issuer extensions
Solana DvP supports SPL Token and Token-2022, including extensions regulated issuers rely on such as permanent delegate, pausable tokens, and transfer hooks. Any two counterparties can use the program with any settlement agent, including a bank, custodian, or exchange.
External security audits completed ahead of production rollout
Solana DvP has undergone external security audits and is ready for use with real funds, the Foundation said. Plans call for adding privacy features so trade settlements can be made private and confidential. Solana Foundation is now seeking design partners and early participants ahead of the program's production release.