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🤠 Solana DvP Launches
Solana Foundation has launched Solana DvP, an open settlement standard for banks. The MIT-licensed open-source program transfers the asset and money simultaneously. A trade either settles in full or does not settle, with finality in seconds instead of 1-2 days on traditional markets.
It supports SPL Token and Token-2022, including extensions for regulated issuers, and can be used by any two counterparties with a bank, custodian, or exchange as settlement agent.
J.P. Morgan advised on settlement practices but did not develop or approve the program. Audits are complete, and the foundation says it is ready for real funds. Confidential settlement is planned.
✅ News | Instagram | Telegram
Solana Foundation has launched Solana DvP, an open settlement standard for banks. The MIT-licensed open-source program transfers the asset and money simultaneously. A trade either settles in full or does not settle, with finality in seconds instead of 1-2 days on traditional markets.
It supports SPL Token and Token-2022, including extensions for regulated issuers, and can be used by any two counterparties with a bank, custodian, or exchange as settlement agent.
J.P. Morgan advised on settlement practices but did not develop or approve the program. Audits are complete, and the foundation says it is ready for real funds. Confidential settlement is planned.
✅ News | Instagram | Telegram