The bank that built its own private blockchain rails just helped design an open one. And it runs on Solana.
On Oct 6, the Solana Foundation unveiled Solana DvP — an open-source delivery-versus-payment program that settles asset and payment in one atomic on-chain transaction, with finality in seconds instead of the one-to-two days the traditional chain of clearinghouses and custodians takes. One deal, both legs at once — or neither.
JPMorgan contributed its own settlement expertise to the design: deadlines, escrow isolation, and the Token-2022 features regulated issuers actually need. This follows a JPMorgan-arranged commercial-paper deal for Galaxy Digital settled in USDC on Solana, and the code has passed external audits and is ready for real funds.
The sharp bit: banks spent years building private ledgers. The biggest US bank is now helping write the playbook for open public-chain rails. That is the plumbing tokenized assets were waiting for.
Will institutions embrace open standards, or stick with their private chains?
$SOL
#Solana #Tokenization #CryptoNews
On Oct 6, the Solana Foundation unveiled Solana DvP — an open-source delivery-versus-payment program that settles asset and payment in one atomic on-chain transaction, with finality in seconds instead of the one-to-two days the traditional chain of clearinghouses and custodians takes. One deal, both legs at once — or neither.
JPMorgan contributed its own settlement expertise to the design: deadlines, escrow isolation, and the Token-2022 features regulated issuers actually need. This follows a JPMorgan-arranged commercial-paper deal for Galaxy Digital settled in USDC on Solana, and the code has passed external audits and is ready for real funds.
The sharp bit: banks spent years building private ledgers. The biggest US bank is now helping write the playbook for open public-chain rails. That is the plumbing tokenized assets were waiting for.
Will institutions embrace open standards, or stick with their private chains?
$SOL
#Solana #Tokenization #CryptoNews
