The Solana Foundation said Tuesday it has launched Solana DvP, an open-source settlement program built for financial institutions and designed to reduce settlement times on Solana. The product offers an API for delivery-versus-payment, or DvP, settlement, with the stated goal of moving securities settlement from the typical one-to-two-day window to a process that finishes in seconds.
According to the foundation, Solana DvP combines the transfer of assets and payment into a single transaction that either completes in full or has no effect. The organization said the program is meant to give institutions a reusable option instead of relying on custom smart contracts for each workflow.
JPMorgan contributed input during the project’s development. Rhodel D’Souza, the bank’s head of markets digital assets, said this kind of settlement standard is core infrastructure for institutional participants seeking to scale operations without adding settlement risk or counterparty exposure. The announcement comes as blockchain-based settlement efforts continue to expand, following a June 2025 cross-chain DvP pilot by Chainlink, JPMorgan’s Kinexys and Ondo Finance, and a separate move this week by Payward and Singapore Gulf Bank to enable 24/7 US dollar settlement for selected institutional clients.
The Solana Foundation on Tuesday announced the launch of Solana DvP, an open-source settlement program for financial institutions built to shorten settlement times.
Solana DvP provides an open-source application programming interface for delivery-versus-payment, or DvP, settlement on Solana, according to a press release from the foundation.
The program is designed to cut securities settlement from one to two days to seconds by moving assets and payment in a single transaction that either completes in full or does not take effect. The foundation said the system gives institutions a reusable alternative to custom smart contracts.
Rhodel D’Souza, head of markets digital assets at JPMorgan, said this type of settlement standard is the kind of “foundational infrastructure” institutional market participants need to “operate at scale without introducing settlement risk and counterparty exposure.” JPMorgan provided input on institutional settlement practices and requirements during work on Solana DvP.
The announcement adds to a broader push to speed up financial settlement with blockchain infrastructure. In June 2025, Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a cross-chain DvP pilot involving Ondo’s tokenized US Treasury fund and payment through Kinexys.
On Monday, Payward, the parent company of Kraken, partnered with Singapore Gulf Bank to enable 24/7 US dollar settlement for select institutional clients in Asia and the Gulf region.
Related: Solana Foundation launches framework for protocol-level governance.
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