Solana Luncurkan Alat Penyelesaian Transaksi Institusional dengan Masukan dari JPMorgan

CoinFea · 2026-10-06T16:23:03.000Z

Solana Foundation meluncurkan program penyelesaian transaksi baru yang dirancang untuk bank dan lembaga keuangan besar yang menggunakan pasar berbasis blockchain. Sistem ini bertujuan mempersingkat waktu penyelesaian transaksi sekaligus membatasi risiko di antara pihak-pihak yang bertransaksi. JPMorgan menyumbangkan keahliannya dalam praktik penyelesaian transaksi yang telah mapan, tetapi tidak mengembangkan program tersebut. Peluncuran ini juga memperluas langkah Solana untuk merambah ke bidang keuangan institusional dan aset yang ditokenisasi. Organisasi nirlaba asal Swiss itu memperkenalkan sistem tersebut dengan nama Solana DvP, singkatan dari Delivery versus Payment (Penyerahan versus Pembayaran). Sistem ini memungkinkan lembaga menyelesaikan kedua sisi transaksi melalui satu proses on-chain.

The Solana Foundation has launched a new settlement program designed for banks and large financial institutions using blockchain-based markets. 
The system aims to reduce settlement times while limiting risks between trading counterparties. JPMorgan contributed expertise on established settlement practices but did not develop the program. The launch also expands Solana’s push into institutional finance and tokenized assets.
The Swiss nonprofit introduced the system as Solana DvP, short for Delivery versus Payment. It lets institutions settle both sides of a transaction through one on-chain process.
Traditional securities settlement can take one or two days to complete. Trades often pass through clearinghouses, custodians, and depositories before both parties receive their assets.
That delay can create counterparty risk if one side completes its obligation while the other fails. Solana DvP seeks to reduce that exposure through atomic settlement.
Until now, institutions settling onchain have typically relied on bespoke smart contracts. Solana DvP gives them a shared, open standard for atomic delivery-versus-payment, with input from J.P. Morgan on securities settlement practices
— Solana Foundation (@SolanaFndn) October 6, 2026
Under the system, the asset and payment move together within the same transaction. If either side cannot complete the transfer, the entire settlement fails.
Catherine Gu, head of product for digital assets at the Solana Foundation, said atomic settlement removes counterparty risk found in traditional markets.
JPMorgan advises Solana Foundation on settlement standards
Banks have relied on Delivery versus Payment structures for securities settlement for more than three decades. However, institutions moving assets onchain have often created custom smart contracts for individual transactions.
The Solana Foundation wants Solana DvP to replace that fragmented approach with a shared standard. The program uses an open-source MIT license and remains free for institutions to adopt.
Counterparties can also choose their preferred settlement agent. That agent could include a regulated bank, custodian, or another approved financial intermediary.
JPMorgan advised the foundation on settlement practices and requirements for institutional markets. The bank’s role focused particularly on how regulated tokenized assets operate.
Regulated issuers can require controls that standard crypto tokens do not offer. These controls can include emergency transfer pauses, delegated authority, and specific transfer conditions.
Solana DvP supports both SPL Token and Token-2022 standards. It also supports pausable tokens, permanent delegates and transfer hooks.
Those functions allow an issuer to freeze transfers or apply rules without disrupting the settlement process.
Rhodel D’Souza, JPMorgan’s head of markets digital assets, said shared atomic settlement infrastructure could help large institutions scale while reducing counterparty exposure.
The Solana Foundation said external security firms have audited the program. It also said the system can handle real funds.
Privacy functions remain under development. Those features would allow institutions to conceal sensitive trade information while still settling transactions on-chain.
Solana expands institutional tokenization push
Solana DvP arrives as more financial companies use Solana for tokenized securities and other real-world assets.
BlackRock launched a tokenized money market fund for stablecoin reserves in August. The product records ownership on Solana alongside Ethereum.
Kraken also uses Solana for its xStocks service. The platform gives overseas customers access to tokenized versions of U.S. equities.
JPMorgan has already participated in institutional transactions on Solana. In December 2025, the bank arranged a commercial paper transaction for Galaxy Digital that settled using USDC.
Other blockchain networks are competing for the same institutional settlement market.
JPMorgan’s Kinexys previously tested a cross-chain DvP transaction with Ondo Finance. ClearToken also operates DvP settlement through the Canton Network.
Those systems rely partly on permissioned infrastructure. Solana DvP instead operates on Solana’s public blockchain.
The Solana Foundation is now seeking design partners as it moves toward a broader production release.
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