Solana Adds Institutional Settlement Standard With J.P. Morgan Input
Decrypt.co reported that Solana has introduced an open-source DvP program built with input from J.P. Morgan. The program is designed to let institutions settle trades atomically on Solana with finality in seconds.
Decrypt.co reported that Solana has debuted an institutional settlement standard built with input from J.P. Morgan. The open-source DvP program is designed to let institutions settle trades atomically on Solana.
According to the report from Decrypt.co, the system aims to provide finality in seconds rather than days. The standard is intended for institutional settlement use.
Key Takeaways
- Decrypt.co reported that Solana debuted an institutional settlement standard with input from J.P. Morgan.
- The open-source DvP program lets institutions settle trades atomically on Solana.
- The program is described as offering finality in seconds instead of days.
Context
Delivery-versus-payment, or DvP, is a settlement method used in financial markets to exchange assets and payment at the same time. On blockchain networks, atomic settlement can reduce the time between trade execution and final settlement.
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