Solana’s Delivery-Versus-Payment Tool Tries to Remove Settlement’s Weakest Link

TL;DR: Solana DvP offers an open-source route to atomic securities settlement, with JPMorgan providing input on institutional requirements. When a security and the money paying for it move in separate steps, one party can be exposed while waiting for the other. Solana’s newly announced delivery-versus-payment programme is designed to make those two movements part of one atomic blockchain transaction. Released by the Solana Foundation on October 6 under the MIT licence, the tool offers isolated escrow, time limits and support for SPL Token and Token-2022 assets. It aims to provide a reusable standard for banks and other institutions rather than forcing each project to build a bespoke settlement contract. JPMorgan provided feedback on settlement practices.

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