Key highlights:
- Solana is bringing Wall Street-style atomic settlement on-chain with a new DvP standard developed with JPMorgan input.
- JPMorgan is lending its institutional settlement expertise to Solana as banks accelerate the shift toward tokenized assets.
- The new Solana DvP system could let tokenized securities and payments settle simultaneously in seconds, cutting counterparty and settlement risk.
Solana (SOL) is moving deeper into traditional finance after the Solana Foundation launched an open-source settlement standard developed with input from JPMorgan. The new standard allows institutions to settle tokenized assets and payments atomically on the blockchain.
Solana targets Wall Street settlement
Dubbed Solana DvP, the
“Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, Head of Product, Digital Assets, Solana Foundation. “Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days.”
The program is released under the MIT open-source license. It uses isolated escrow and settlement deadlines, giving institutions a reusable framework instead of requiring them to develop bespoke smart contracts for individual transactions.
JPMorgan brings institutional expertise
JPMorgan’s role is focused on providing input on institutional settlement practices and requirements rather than operating Solana DvP itself. Rhodel D’Souza, JPMorgan’s head of Markets Digital Assets, said the bank contributed its securities-settlement expertise to the project as institutions look for infrastructure that can operate at scale without settlement risk.
“We were pleased to contribute our settlement expertise,” D’Souza said, describing an open standard for atomic DvP as foundational infrastructure for institutional market participants.
The collaboration builds on JPMorgan’s existing blockchain operations. Its Kinexys business has previously demonstrated DvP transactions involving tokenized assets and JPMorgan-held dollar deposits, including a 2025 test with Ondo Finance and Chainlink that settled tokenized U.S. Treasuries against dollar deposits in real time.
JPMorgan has also used Solana for tokenized commercial paper. Solana’s institutional materials identify a $50 million initial commercial-paper issuance involving JPMorgan on the network.
Solana pushes toward institutional capital markets
Solana DvP supports both SPL Token and Token-2022 assets, including token extensions designed for institutional requirements such as pausing assets and enforcing transfer controls. The Foundation said the system has undergone external security audits and is ready for use with real funds, although it is still seeking design partners and early participants ahead of its production release.
The Foundation also plans to add privacy capabilities so institutions can conduct settlement while keeping transaction details confidential.
The launch gives Solana another route into tokenized capital markets. Rather than positioning the blockchain only as a venue for trading digital assets, the Foundation is attempting to establish a standardized settlement layer that banks, custodians, exchanges and other institutions can use for tokenized securities and payments.
Source:: Solana Teams Up With JPMorgan to Bring Atomic Settlement to Wall Street