Solana Foundation Launches DvP to Cut Settlement Times to Seconds

The Solana Foundation introduced Solana DvP, an open-source settlement program designed to reduce transaction times for financial institutions. This program offers an open-source API for delivery-versus-payment (DvP) settlement on the Solana blockchain, aiming to shorten securities settlement from days to seconds. The system ensures assets and payments are transferred in a single transaction, either completing fully or not at all, eliminating settlement risk and counterparty exposure.

Rhodel D’Souza, head of markets digital assets at JPMorgan, highlighted the importance of such foundational infrastructure for institutional participants. JPMorgan contributed insights on institutional settlement practices during the development of Solana DvP. The program is intended to provide a reusable alternative to custom smart contracts, streamlining the settlement process.

The launch aligns with broader efforts to accelerate financial settlements using blockchain technology. In June 2025, Chainlink, JPMorgan’s Kinexys, and Ondo Finance completed a cross-chain DvP pilot involving Ondo’s tokenized US Treasury fund. Additionally, Payward, the parent company of Kraken, recently partnered with Singapore Gulf Bank to enable 24/7 US dollar settlement for select institutional clients.