The Solana Foundation has unveiled Solana DvP, an open-source escrow program designed to give financial institutions a standardized API for delivery-versus-payment settlement. Released under the MIT license, the tool was developed with input from J.P. Morgan and is intended to replace bespoke smart-contract workflows with a reusable on-chain settlement standard.
The program compresses the traditional multi-day clearinghouse and custodian process into a single atomic transaction, meaning both the asset and payment legs settle together or neither does. Catherine Gu, the foundation's head of product for digital assets, said atomic settlement removes counterparty risk inherent in traditional finance and offers institutions 'finality in seconds instead of days.' J.P. Morgan's Rhodel D'souza called a shared open standard for atomic delivery-versus-payment 'exactly the kind of foundational infrastructure institutional market participants require.'
Solana DvP supports SPL Token and Token-2022, including extensions such as permanent delegate, pausable tokens and transfer hooks that regulated issuers depend on, and it has undergone external security audits. The foundation also plans to add privacy features for confidential settlements. The launch builds on Solana's institutional momentum in tokenized real-world assets: BlackRock's tokenized money market fund records ownership on Solana alongside Ethereum, while Kraken has used Solana to offer tokenized U.S. stocks to overseas customers through xStocks.
