JPMorgan advised the Solana Foundation on a new delivery‑versus‑payment (DvP) program the foundation says can settle institutional trades onchain in seconds. Whether banks will actually use it is still an open question, according to the source article and the foundation’s announcement.
What Solana DvP promises
The foundation describes Solana DvP as an “open‑source escrow program” and an open API for DvP settlement on Solana. It says earlier onchain institutional trades typically relied on bespoke smart contracts. The program is presented as enabling atomic settlement: both legs of a trade execute in the same instant, or the transaction cancels.
“Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, Solana Foundation head of product for digital assets. Gu added that the program “provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days.”
What JPMorgan contributed
The foundation said JPMorgan advised the team and provided “valuable input,” citing the bank’s securities‑settlement experience. Rhodel D’souza, head of markets for digital assets at JPMorgan, said, “A shared, open standard for atomic delivery‑versus‑payment is exactly the kind of foundational infrastructure institutional market participants require to operate at scale without introducing settlement risk and counterparty exposure. We were pleased to contribute our settlement expertise.”
The unresolved piece: adoption
The source article notes that the key unknown is whether institutional investors and banks will use Solana’s DvP and whether it meaningfully reduces settlement risk in practice. Multiple Layer‑1 networks are competing to serve as Wall Street’s backend; which, if any, will win remains unsettled in the source’s framing.
