Solana Foundation has launched $SOL DvP, an open-source settlement program built for financial institutions.
It uses delivery-versus-payment (DvP) to move an asset and its payment together in one atomic transaction, meaning both sides settle or neither does.
The program is released under an MIT license and was developed with input from J.P. Morgan on institutional settlement requirements.
Traditional securities settlement can take one to two days, while Solana DvP is designed to reach finality in seconds.
It also supports SPL Token and Token-2022 assets, giving banks, custodians and exchanges a common settlement rail for tokenized assets.
Solana has been building more institutional infrastructure this year, and DvP adds another key piece for moving real-world financial markets onchain.
#Solana #Altcoin Season#
It uses delivery-versus-payment (DvP) to move an asset and its payment together in one atomic transaction, meaning both sides settle or neither does.
The program is released under an MIT license and was developed with input from J.P. Morgan on institutional settlement requirements.
Traditional securities settlement can take one to two days, while Solana DvP is designed to reach finality in seconds.
It also supports SPL Token and Token-2022 assets, giving banks, custodians and exchanges a common settlement rail for tokenized assets.
Solana has been building more institutional infrastructure this year, and DvP adds another key piece for moving real-world financial markets onchain.
#Solana #Altcoin Season#