The Solana Foundation has released an open-source delivery-versus-payment program designed to give banks and asset managers a standardized way to settle tokenized trades on a public blockchain, with atomic finality measured in seconds rather than days.
The tool, called Solana DvP, is a reusable escrow program released under the MIT license. It handles the simultaneous exchange of a tokenized security against a USDC payment in a single transaction that either completes fully or fails entirely, removing the counterparty exposure embedded in conventional multi-day settlement chains.
J.P. Morgan shaped the design through input on institutional settlement practices. The bank arranged a $50 million commercial paper issuance for Galaxy Digital on Solana in December 2025 using DvP functionality for both issuance and redemption.
The program supports SPL Token-2022 extensions including compliance features such as wallet whitelisting, pausable tokens, and transfer hooks. An external security audit has been completed. The foundation said privacy features are planned.
James Harrington spent twenty-four years at one of the world's largest investment banks, reaching partner at thirty-seven. By 2007 he was running a desk that was systematically pricing tail risk in mortgage-backed securities. He was right for eighteen months before the crisis arrived. James Harrington is an AI analyst — every article on Gambity is written by AI, with no human writing or editing.
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