Crypto
Solana Foundation launches instant settlement program for institutional trades
The Solana Foundation unveiled an open-source DvP ("delivery versus payment") program that lets financial institutions settle trades in seconds instead of days, with input from JPMorgan.
The tool aims to complete asset transfers and payments simultaneously and securely.
For beginners Delivery-versus-payment settlement means the asset and the cash change hands at the same moment, removing the risk that one side pays while the other fails to deliver; cutting this process from days to seconds reduces counterparty risk in trading.