Solana The Foundation announced the launch of an institutional DvP settlement solution
BIBIBI
AT A GLANCE
Solana The Foundation launched an open-source institutional DvP settlement program.
Article
Solana The Foundation launches DvP a settlement solution, aiming to become the standard for institutional on-chain trading
PANews October 6 reported, citing TheStreet, that the Solana Foundation announced the launch of Solana DvP(Delivery-versus-Payment), an open-source institutional delivery-versus-payment (DvP) settlement program designed to help financial institutions achieve synchronized delivery of assets and funds on the Solana blockchain. JPMorgan provided relevant recommendations on institutional settlement requirements during development of the project.Solana The Foundation stated that the Solana DvP is based on the DvP settlement principle used in traditional financial markets: asset delivery and payment are completed simultaneously, avoiding counterparty risk from one party completing payment while the other fails to deliver the assets. Compared with traditional markets, which typically require clearing institutions, custodians, and other processes and take 1 to 2 business days to complete settlement, the Solana DvP can use a single atomic transaction to complete...
Key points
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Solana The Foundation announced the launch of Solana DvP。
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Solana DvP for institutions, an open-source delivery-versus-payment settlement program.
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The solution is intended to help financial institutions achieve synchronized delivery of assets and funds on the Solana blockchain.
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JPMorgan provided relevant recommendations on institutional settlement requirements during project development.
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Solana DvP based on the DvP settlement principle under which asset delivery and payment are completed simultaneously.
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The report noted that traditional markets typically require 1 to 2 business days to complete settlement.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
DvP This can be understood as “money and assets exchanged simultaneously”: when payment is completed, the assets must also be delivered, thereby reducing the risk that one party has paid while the other has not delivered the assets. The solution plans to execute this process on the Solana blockchain.
Why it matters to readers
If institutions adopt this type of solution,Solana it may be used in more institutional settlement scenarios; however, the current evidence only clearly establishes the solution's release and its objectives.
This is not a trading function for ordinary users, but an infrastructure solution for financial institutions to deliver assets and funds.
Risks and unknowns
The original article's main text is truncated and does not explain the complete mechanism of a single atomic transaction.
The evidence does not show that the solution has been actually adopted or deployed by financial institutions.
The evidence does not provide Solana the Foundation's original announcement, complete technical documentation, or code repository.
The evidence does not indicate whether JPMorgan will participate in subsequent pilots or deployment.
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Related concepts
DvP(delivery-versus-payment)
This term is not in the glossary yet. Browse related concepts in the glossary.
