Solana DvP Targets Securities Settlement in Seconds for Financial Institutions

The Solana Foundation has launched Solana DvP, an open-source settlement program for financial institutions that aims to reduce securities settlement from one or two days to seconds. The program provides an application programming interface for delivery-versus-payment settlement on the Solana network.

How Solana DvP Works

Solana DvP is designed to transfer an asset and its corresponding payment within a single transaction. The transaction either completes in full or does not take effect, creating an atomic settlement process intended to reduce the risk that one side of a trade is delivered without the other.

The foundation said the program is intended to give financial institutions a reusable settlement standard rather than requiring each participant to develop custom smart contracts. That approach could simplify the process of building blockchain-based settlement applications while offering a common framework for institutional transactions.

Key features described by the foundation include:

• Settlement of assets and payments in one transaction.
• Completion in seconds rather than the traditional one- to two-day timetable.
• An open-source application programming interface for institutional use.
• Atomic execution designed to limit settlement risk and counterparty exposure.

Institutional Settlement Infrastructure

The launch reflects a broader effort to use blockchain infrastructure to modernize financial market settlement. Rhodel D’Souza, head of markets digital assets at JPMorgan, said the type of settlement standard represented by Solana DvP is foundational infrastructure for institutional market participants seeking to operate at scale.

JPMorgan contributed input on institutional settlement practices and requirements during the development of the program. That involvement does not represent a disclosed launch of a JPMorgan settlement product on Solana, but it indicates that institutional operating requirements were considered in the program’s design.

Solana DvP also enters a market where other blockchain settlement initiatives are developing. In June 2025, Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a cross-chain DvP pilot involving Ondo’s tokenized US Treasury fund and payment through Kinexys. Separately, Payward, the parent company of Kraken, partnered with Singapore Gulf Bank to support 24/7 US dollar settlement for selected institutional clients in Asia and the Gulf region.

What This Means

Solana DvP gives the network a purpose-built offering aimed at one of the most important institutional blockchain use cases: reducing the time and risk involved in exchanging financial assets and cash. Faster atomic settlement could improve capital efficiency and reduce reliance on intermediaries, although adoption will depend on regulatory approval, integration with existing market systems and participation from asset issuers, banks and trading venues.

The launch is therefore an infrastructure milestone rather than immediate evidence of large-scale production volume. Its significance will be measured by whether institutions use the open-source standard in live settlement workflows and whether the model can support a broader range of tokenized securities and payment assets.