The Solana Foundation officially announced the launch of an open-source settlement program named Solana DvP on Tuesday, Oct. 6, 2026. The move outlines operational details of its previously announced plan to overhaul institutional settlement rails. The new system provides an open application programming interface (API) to facilitate delivery-versus-payment (DvP) mechanisms directly on the Solana blockchain network. Its primary target is slashing securities settlement times from the traditional one to two full days down to seconds.
The instant execution relies on transferring securities assets and payment funds within a single transaction. The process is designed with an absolute condition - the transaction must execute entirely or fail completely so that no funds get stranded mid-process.
Ready-to-Use Infrastructure Replacing Custom Smart Contracts
Solana DvP offers a reusable framework for market participants. Banking institutions can now adopt this ready-to-use standard rather than building custom smart contracts from scratch when issuing new instruments. Throughout its development, JPMorgan provided specific input regarding daily operational practices and technical requirements for institutional-grade settlement.
JPMorgan’s Head of Markets Digital Assets, Rhodel D’Souza, considers this DvP standard to be foundational infrastructure. Market participants require this infrastructure to operate at scale without introducing settlement risk or counterparty exposure caused by asset transfer delays.
The Race for Real-Time Settlement Rails
JPMorgan’s involvement in the project stems from its extensive track record of testing on-chain securities transactions. In June 2025, JPMorgan Kinexys completed a cross-chain DvP pilot alongside Chainlink and Ondo Finance. That technical trial combined Ondo-issued tokenized US Treasury funds with Kinexys payment rails.
Round-the-clock settlement services for institutional clients have also emerged from Asia. On the preceding Monday, Kraken’s parent company Payward partnered with Singapore Gulf Bank. The collaboration opens 24/7 US dollar settlement rails for corporate clients across Asia and the Gulf region.
The traditional two-day lag in securities transfers is gradually losing ground. Public network API infrastructure demonstrates that instant execution is now ready for real-world operations across global banks.
Reported via Cointelegraph.
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Previously: Solana and JPMorgan Overhaul Institutional Settlement Rails - 2-Day Clearing Cycle Cut to Seconds
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
