Solana Introduces Institutional Settlement Standard with J.P. Morgan Collaboration

VERA Brief

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

Solana has launched an open-source program called "DvP" for institutional trade settlement, developed with input from J.P. Morgan. This initiative aims to enable atomic settlements on the Solana blockchain with finality in seconds.

Key facts

• Solana has introduced an open-source program for institutional trade settlement called "DvP" (Delivery versus Payment).
• The DvP program was developed with input from J.P. Morgan.
• The program is designed to allow institutions to settle trades atomically on the Solana blockchain.
• The DvP program facilitates trade settlements with finality in seconds.
• This development aims to streamline and expedite financial transactions for institutional participants.