Solana Foundation Launches Open Escrow Standard for Tokenized Asset Settlements

The Solana Foundation launched Solana DvP on October 6, 2026, an open-source escrow program designed to settle tokenized assets and their corresponding payments in a single on-chain transaction. This atomic settlement ensures that either both legs of the transaction settle together, or neither does, eliminating counterparty risk. The program is reusable, allowing institutions to avoid writing custom settlement contracts for each deal.

J.P. Morgan contributed settlement expertise to the Foundation, though the bank did not design, develop, or endorse the program. The program is now open to banks, custodians, exchanges, and other market participants, offering a standardized settlement rail on public infrastructure.

Solana DvP supports both the legacy SPL Token standard and Token-2022, including wrapped SOL. It also accommodates compliance controls like permanent delegate, pausable tokens, and transfer hooks. However, it blocks extensions that alter token amounts mid-transfer to maintain predictability at settlement. Future versions are expected to include privacy features.

While the program is ready for use with real funds, no major bank has yet committed to settle live trades through it. The Foundation is seeking design partners and early participants ahead of a full production release. Adoption will determine whether Solana DvP becomes a widely accepted standard or remains a reference design.