Solana Foundation launches DvP for near-instant asset settlement

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The Solana Foundation has launched an open-source Delivery versus Payment program. This program is designed for financial institutions to facilitate near-instant asset transfers and payments, aiming for settlement times of seconds.

Key facts

• The Solana Foundation has launched an open-source Delivery versus Payment program.
• The program is designed for financial institutions.
• It aims to complete asset transfers and payments in near real-time, with settlement times of seconds.
• The DvP model aims to mitigate risks by ensuring simultaneous asset transfers.
• The program is built on the Solana blockchain.