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Solana DvP is designed to give institutions a shared, open standard for atomic delivery-versus-payment settlement onchain. The initiative incorporates input from J.P. Morgan on securities settlement practices, according to the Solana Foundation.
Why it matters
Institutions have typically relied on bespoke smart contracts for onchain settlement. A common standard could offer a more consistent framework for coordinating asset delivery and payment in one atomic process, reducing the need for separate custom implementations.
Market impact
The effort signals a push to make Solana infrastructure more usable for institutional securities settlement. The announcement describes a target and an open standard, not evidence of completed deployments or transaction volumes. Adoption will depend on institutions putting the approach into practice.
Frequently asked questions
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What does delivery-versus-payment mean in Solana DvP?
Delivery-versus-payment coordinates the delivery of securities with payment so both occur as part of one atomic settlement process.
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How does Solana DvP differ from bespoke settlement contracts?
It targets a shared, open standard, while institutions have typically relied on bespoke smart contracts for onchain settlement.
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What input did J.P. Morgan provide to Solana DvP?
J.P. Morgan contributed input on securities settlement practices, according to the Solana Foundation.
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Does the announcement confirm that Solana DvP is already in use?
No. The announcement describes a standard targeted for institutional settlement, but does not confirm completed deployments or transaction volumes.
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What will determine whether Solana DvP matters for institutions?
Institutional adoption will show whether the shared standard is put into practice beyond the bespoke contracts institutions have typically used.
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