🤠 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.
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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.
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👍 Winklevoss Zcash ETF Filing
Winklevoss Asset Services filed an S-1 with the SEC for the Winklevoss Zcash ETF. The fund would hold ZEC directly and plans to list on Nasdaq under WINK.
Gemini Trust Company, affiliated with the Winklevoss brothers, would serve as custodian. The fee is undisclosed. The filing starts the process, not approval. Regulatory risks around privacy coins and the affiliated custodian could raise conflict-of-interest questions.
✅ News | Instagram | Telegram
Winklevoss Asset Services filed an S-1 with the SEC for the Winklevoss Zcash ETF. The fund would hold ZEC directly and plans to list on Nasdaq under WINK.
Gemini Trust Company, affiliated with the Winklevoss brothers, would serve as custodian. The fee is undisclosed. The filing starts the process, not approval. Regulatory risks around privacy coins and the affiliated custodian could raise conflict-of-interest questions.
✅ News | Instagram | Telegram