Solana Foundation Unveils DvP Program for Institutional Settlements
The Solana Foundation introduced Solana DvP, an open-source settlement program aimed at accelerating the settlement of tokenized assets and payments on the Solana blockchain. Launched on October 6, 2026, this delivery-versus-payment (DvP) system ensures finality in seconds, a significant improvement over traditional processes that can take one to two days.
Solana DvP is designed to support both SPL Token and Token-2022 features, including permanent delegates, pausable tokens, and transfer hooks. The program operates using isolated escrow accounts with settlement deadlines and has undergone external security audits. It is now available for use with real funds, with plans to add privacy features for confidential institutional transactions.
The development of Solana DvP incorporated input from J.P. Morgan, which provided insights on institutional settlement practices. Rhodel D’souza, the bank’s Head of Markets Digital Assets, noted that the bank contributed its settlement expertise but did not develop or operate the program. The launch follows J.P. Morgan’s December 2025 issuance of $50 million in commercial paper on Solana, which utilized a similar settlement process.
The Solana Foundation is actively seeking design partners and early participants to drive institutional adoption, DeFi/CEX/DEX integration, and secure fundraising use cases. This initiative reinforces Solana’s commitment to creating a standardized settlement rail for institutional trades conducted on-chain.