Solana Foundation released open-source delivery-versus-payment tool for atomic securities settlement
Solana Foundation released an open-source delivery-versus-payment program for atomic securities settlement on October 6 under the MIT licence. The tool supports SPL Token and Token-2022 assets, includes isolated escrow and time limits, and is designed as a reusable standard for banks and institutions to avoid bespoke settlement contracts.
Institutional input and scope
JPMorgan provided feedback on settlement practices. The Foundation states this does not imply the bank operates, certifies, or guarantees the software. The program has undergone external security reviews. Broader production adoption and planned privacy features are slated for future implementation.
Use case and impact
Separating asset delivery and payment creates counterparty exposure and capital costs. The DvP program binds both legs of a trade into a single atomic transaction to reduce settlement risk for tokenised securities.
Adoption factors
Institutional uptake depends on legal finality, custody integrations, and how errors are handled outside the smart contract. Code performance and atomicity do not replace the broader settlement infrastructure required for regulated markets.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
