--- title: "Solana Foundation Unveils Solana DvP for Institutional Settlement" description: "The open-source program brings atomic delivery-versus-payment settlement to Solana, developed with technical input from J.P. Morgan." url: https://basisdesk.news/news/solana-foundation-launches-solana-dvp-institutional-settlement published: 2026-10-06T02:06:30.344Z modified: 2026-10-06T02:06:30.344Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [SOL] tags: [solana, jp-morgan, delivery-versus-payment, token-2022, rwa] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Solana Foundation Unveils Solana DvP for Institutional Settlement The open-source program brings atomic delivery-versus-payment settlement to Solana, developed with technical input from J.P. Morgan. ## At a glance - **What happened:** The Solana Foundation released Solana DvP, an open-source atomic delivery-versus-payment settlement program developed with input from J.P. Morgan on Oct. 6. - **Why it matters:** The program standardizes institutional settlement rails on Solana, replacing bespoke contracts to eliminate counterparty risk with seconds-level finality. - **Who is affected:** Banks, custodians, digital asset issuers using SPL and Token-2022 standards, and institutional trading venues operating on Solana. - **What's next:** The foundation is onboarding early design partners ahead of production release and developing confidential trade settlement features. - **Status:** announced - **Primary source:** [Solana Foundation Launches Solana DvP, an Atomic Settlement Program Built for Financial Institutions](https://www.prnewswire.com/news-releases/solana-foundation-launches-solana-dvp-an-atomic-settlement-program-built-for-financial-institutions-302898811.html) — PR Newswire ## Key points - Solana Foundation released Solana DvP, an open-source atomic settlement program published under the MIT license [1]. - J.P. Morgan provided technical input on institutional securities settlement practices and market structure requirements [1]. - The audited program supports Token-2022 extensions, with planned future updates to incorporate trade privacy [1]. ## Editorial remark - **Context:** Institutional onchain transactions previously required proprietary, custom-built smart contracts for each trading counterparty. Solana DvP creates a single standard escrow program to normalize atomic delivery-versus-payment settlement on public infrastructure. - **Impact:** Custodians, trading venues, and banks can execute simultaneous token-for-token or cash-for-asset swaps with sub-second finality, eliminating principal counterparty exposure while leveraging Token-2022 compliance extensions. - **Watch:** The onboarding of early institutional design partners and the deployment timeline for planned privacy features enabling confidential settlement. The Solana Foundation announced Solana DvP on Oct. 6, introducing an open-source atomic settlement escrow program designed for institutional delivery-versus-payment transactions on the network [1]. The program is released under the MIT license and provides financial institutions with a standardized API intended to eliminate bespoke smart contracts previously required for institutional trades [1]. J.P. Morgan advised the foundation by providing input on securities settlement practices and institutional market requirements [1]. Solana DvP enables simultaneous exchange of assets and cash within a single transaction, executing both legs together or failing entirely to eliminate principal and counterparty risks [1]. The program supports both SPL Token and Token-2022 standards, integrating institutional compliance features such as permanent delegates, transfer hooks, and pausable tokens [1]. According to the foundation, the codebase has completed external security audits and is ready to handle real funds [1]. At the time of writing, $SOL traded at $120.46, down 0.7% over the past 24 hours. ## Institutional Rails and Privacy The initiative targets traditional finance settlement workflows, which typically rely on clearinghouses, custodians, and central depositories that lock up capital across one-to-two-day settlement cycles [1]. By shifting execution to public blockchain rails, the protocol aims to achieve transaction finality within seconds [1]. The infrastructure can interface with third-party settlement agents, including custodians, commercial banks, and trading venues [1]. Looking ahead, the Solana Foundation plans to introduce privacy mechanisms into the program to enable confidential trade execution for institutional counterparties [1]. The organization is currently seeking early design partners and institutional participants ahead of a broader production rollout [1]. The release arrives as institutional adoption continues across the network, including complementary infrastructure such as [Open Standard's native Open USD stablecoin](https://basisdesk.news/news/open-standard-launches-native-open-usd-solana) [1]. ## Sources 1. [Solana Foundation Launches Solana DvP, an Atomic Settlement Program Built for Financial Institutions](https://www.prnewswire.com/news-releases/solana-foundation-launches-solana-dvp-an-atomic-settlement-program-built-for-financial-institutions-302898811.html) — PR Newswire, 2026-10-06 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai