Solana Foundation launches DvP program to slash settlement times

The Solana Foundation has unveiled Solana DvP, a new open-source settlement program designed to drastically reduce settlement times for financial institutions. This initiative focuses on delivery-versus-payment (DvP) settlement, offering an open-source API that enables institutions to execute transactions in seconds rather than the traditional one to two days.

The program ensures that asset transfers and payments are completed in a single transaction, either fully or not at all, minimizing settlement risk and counterparty exposure. Rhodel D’Souza, head of markets digital assets at JPMorgan, highlighted that this type of foundational infrastructure is crucial for institutional market participants to operate at scale without introducing additional risks. JPMorgan contributed to the development by providing insights on institutional settlement practices.

This launch is part of a broader trend in leveraging blockchain technology to accelerate financial settlements. In June 2025, a cross-chain DvP pilot involving Chainlink, JPMorgan’s Kinexys, and Ondo Finance successfully settled tokenized US Treasury funds. Additionally, Payward, the parent company of Kraken, recently partnered with Singapore Gulf Bank to facilitate 24/7 USD settlements for institutional clients in Asia and the Gulf region.